Lloyd’s: Big jump in war insurance prices for Red Sea shipping
Maritime insurance markets have seen dramatic shifts and unprecedented disruptions in the past few hours, following rising geopolitical tensions and attacks on shipping headed to the southern ports of the Red Sea. Source: المال
The General Arab Insurance Federation: A Lloyd’s clause could void insurance coverage for oil tankers through the strait of Hormuz
The General Arab Insurance Federation, in its weekly bulletin, reviewed new developments in the global marine insurance market amid rising geopolitical tensions in the Middle East. It noted that the Lloyd’s Market Association (LMA) has drafted a new contractual clause that could void insurance coverage for oil tankers passing through
Turkiye: Number of insurance fraud reports drops by 12% in 1H2026
The number of insurance fraud reports fell by 12.4% to 2,212 in the first half of this year, compared to the corresponding half of 2025, according to data from the Insurance Fraud Prevention Bureau (SISEB) of the Insurance Information and Monitoring Centre. Source: Middle East Insurance Review
Morocco: Insurance industry’s 2025 ROE is highest in 10 years
The Moroccan insurance industry posted a combined net income of MAD5.3bn ($566m) in 2025, which represents a jump of 21.4% over 2024, as the sector benefitted from the strong performance of the financial market, according to the 2025 Annual Financial Stability Report. Source: Middle East Insurance Review
AI creates new competitive dynamics across the insurance sector: McKinsey & Company
In a recent analysis, McKinsey & Company, a management consulting firm, examines how artificial intelligence (AI) could influence the future direction of the global insurance sector, arguing that insurers, distributors and technology providers that prepare early may be better positioned as industry structures evolve. Source: Reinsurance News
UAE: The market is stable and there are no signs of increases in vehicle insurance prices
Officials and experts in the insurance sector said that vehicle insurance prices in the local market have risen by up to 50% over the past two years, as the market entered a new phase following the exceptional weather conditions that hit the region in April 2024, due to the increase
ME Conflict: Many GCC insurers seen as well-positioned to withstand geopolitical headwinds
GCC insurers remain vulnerable to second-order effects from the Middle East conflict, according to AM Best in a new report. Source: Middle East Insurance Review
Egypt: Union: Low Insurance Penetration in East Africa Opens Up Wide Prospects for Future Growth
The performance indicators of insurance markets in the region reflect continued growth, despite the challenges facing the sector, pointing out that the low insurance penetration rates also represent a great opportunity for expansion and increasing the customer base in the coming years. Source: المال
The insurance sector is increasingly relying on accurate data and predictive analysis to support more efficient decision-making, contributing to the development of insurance products and
The Insurance Authority has announced the publication of the Saudi Insurance Market Report 2025, an essential component of its commitment to transparency, market development, and
Timely insights on shifting rates, capacity, and emerging risks to help protect assets and optimize coverage. Source: Marsh
In the first six months of the year, natural disasters caused worldwide losses estimated at nearly US$ 112bn. Of those losses, only US$ 44bn were
Maritime insurance markets have seen dramatic shifts and unprecedented disruptions in the past few hours, following rising geopolitical tensions and attacks on shipping headed to
The General Arab Insurance Federation, in its weekly bulletin, reviewed new developments in the global marine insurance market amid rising geopolitical tensions in the Middle