Jordan: The Executive Committee of the Legal Committee is studying draft instructions for the principles and procedures for settlement
The Executive Committee of the Legal Committee operating under the framework of the Jordan Federation of Insurance Companies held its meeting at the General Administration building of the Union on Monday 7-10-2024, where the committee devoted its meeting to discuss the draft instructions for the principles and procedures for settling
Egypt: 22.6% growth in the Takaful insurance activity premium portfolio during the first half of year 2024
The monthly report issued by the Financial Supervisory Authority revealed that Takaful insurance premiums in the Egyptian market increased at an annual rate of 22.6% during the first half of year 2024 compared to same of last year. Source: أموال الغد
Oman: Authority issues regulation on co-health insurance
Financial Services Authority (FSA) Chairman Dr Saeed Mohammed Ahmed Al Saqri has approved a regulation on co-insurance in the health insurance branch pursuant to the Insurance Companies Law. Source: Middle East Insurance Review
Türkiye: Reinsurance capacity in abundance
Reinsurance capital is at its peak now with sufficient capital to cover the 2025 and beyond; yet, addressing the protection gap could be via the use of non-traditional reinsurance tools, said Guy Carpenter president, global accounts Charles Whitmore. Source: Middle East Insurance Review
Egypt: The Financial Supervisory Authority issues a periodic letter on the publication of any information and data on the activities of government insurance funds
The Financial Regulatory Authority (FRA), headed by Dr. Mohamed Farid, issued Circular No. (5) of 2024, regarding the publication of any statistical data, reports or studies on the activity of government insurance funds, as part of the Authority’s endeavors to protect customers, ensure the stability of transactions, and enhance the
Cyber insurance market expected to grow to $40 billion by 2030
Specialist insurance firm Beazley expects the cyber insurance market to grow from $15 billion in 2024 to $40 billion by 2030, driven by increased demand as a result of rising cyber threats and rising costs, while the company continues to manage its exposure amid premium growth. Source: بوابة التأمين الاقتصادية
UAE: Insurance market expected to face challenges due to rising credit risk
The combined insurance revenue of listed companies and foreign branches saw a 19% surge to AED42.4bn in 2023, compared to AED35.5bn in 2022, under IFRS 17, according to an analysis by Badri Management Consultancy, an international company offering actuarial services. Source: Middle East Insurance Review
GAIF tackles legal issues concerning motor insurance
While the nature of motor insurance business varies from one Arab country to another, especially in terms of laws and regulations, all Arab motor insurance markets face common challenges that require taking prompt measures to control losses, said speakers at a recent webinar organized by the General Arab Insurance Federation.
The Executive Committee of the Legal Committee operating under the framework of the Jordan Federation of Insurance Companies held its meeting at the General Administration
The monthly report issued by the Financial Supervisory Authority revealed that Takaful insurance premiums in the Egyptian market increased at an annual rate of 22.6%
Financial Services Authority (FSA) Chairman Dr Saeed Mohammed Ahmed Al Saqri has approved a regulation on co-insurance in the health insurance branch pursuant to the
Reinsurance capital is at its peak now with sufficient capital to cover the 2025 and beyond; yet, addressing the protection gap could be via the
The Financial Regulatory Authority (FRA), headed by Dr. Mohamed Farid, issued Circular No. (5) of 2024, regarding the publication of any statistical data, reports or
Specialist insurance firm Beazley expects the cyber insurance market to grow from $15 billion in 2024 to $40 billion by 2030, driven by increased demand