Turkiye: Regulator imposes new licensing and capital rules for insurance support service providers
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has published a revised regulation in the Official Gazette, requiring support service providers offering damage management and assistance services to obtain permission from the regulator to operate. Source: Middle East Insurance Review
ME conflict: Saudi-linked ships face heightened attack risk in Houthis’ Red Sea blockade
Saudi Arabia-flagged, owned or operated vessels, vessels en route to or from Saudi Arabia and the Kingdom’s Red Sea ports are assessed at high risk of a Houthi attack, according to Ambrey Analytics. Source: Middle East Insurance Review
UAE insurance market achieves strong growth of 69.8% over five years
The insurance sector in the United Arab Emirates recorded remarkable growth over the past five years, with total written premiums increasing from AED 44.3 billion in 2021 to AED 75.2 billion by the end of year 2025. Source: Al Morakeb Group
Qatar: Central bank grants first license for insurance comparison website
Qatar’s central bank has issued the country’s first license for an insurance policy price comparison website, marking a further step in its efforts to expand the FinTech sector. Source: Middle East Insurance Review
Egypt: Extension of the grace period for non-resident foreign reinsurance brokers to comply with regulations until October 31
In Egypt, the Board of Directors of the Financial Regulatory Authority (FRA), chaired by Dr Islam Azzam, issued a decision to extend the deadline granted for non-resident foreign reinsurance brokers to adjust their status regarding the registration requirements and standards until October 31, 2026. Source: اليوم السابع
Egypt: Ceasefire boosts insurance premium growth in April
The return of regional stability following the halt of military escalation between Iran and Israel, along with strong activity in motor, health, marine, and personal insurance, helped the Egyptian insurance market achieve one of its strongest jumps in recent years. Source: المال
Global: Abundant capacity and competition drive 6% global commercial insurance rate decline in Q2’26
Global commercial insurance rates fell 6% in Q2 2026, marking the eighth consecutive quarterly decline, driven by abundant capacity and strong insurer competition across all major product lines, according to the latest Global Insurance Market Index (GIMI) released by Marsh. Source: Reinsurance News
Kuwait: Insurance Sector Shrinks by 12% in FY2026
Total premiums written in Kuwait’s insurance market declined during the fiscal year ending March 31, 2026 (FY2026), mainly due to the health insurance sector, according to the latest annual report from the Insurance Regulatory Unit. Source: مصارف وتأمين
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,
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
In a recent analysis, McKinsey & Company, a management consulting firm, examines how artificial intelligence (AI) could influence the future direction of the global insurance
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
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
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