Iran has seen a significant surge in purchase of health insurance covers from private health insurers (…) The cost of healthcare services has also risen during the year 2024. Source: Middle East Insurance Review

The insurance market in Tunisia managed to score double digit growth in the first three quarters of 2024, according to the General Insurance Authority. Source: Middle East Insurance Review

The statistical yearbook issued by the Financial Regulatory Authority (FRA) showed a remarkable growth in direct compensation paid by insurance companies in Egypt during the period from 2013 to 2023. Source: المال

Forecasts from credit rating agency Moody’s indicate that wildfires burning in the Los Angeles area will lead to huge financial losses for insurance companies, with losses expected to exceed billions of dollars due to the rise in the value of damaged property. Source: المال

The Social Insurance Organization (SIO) announced a 1% increase in employer contributions to mandatory social insurance, effective January 2025.  Source: Middle East Insurance Review

In its weekly meeting, the Cabinet reviewed the annual report and final account of the National Organization for Social Insurance for the fiscal year ending on June 30, 2024, as well as the report of the Authority’s investments for the same period, with the aim of following up and reporting

The Egyptian Insurance Federation confirmed in its bulletin issued on Wednesday, January 8, 2025, that the life insurance sector is undergoing an unprecedented transformation driven by rapid technological developments, demographic changes, and global economic transformations. Source: المال

The world’s largest reinsurance group said hurricanes, fires and other disasters caused losses worth $320 billion in 2024, or about a third more than a year earlier, highlighting losses from climate change and real estate development in areas affected by extreme weather. Source: Al Morakeb