Alaa El-Zohairy: The Unified Insurance Law Contributed to Increasing the Minimum Capital
Alaa El-Zohairy, Chairman of the Egyptian Insurance Companies Association, affirmed that the insurance sector in Egypt is experiencing a state of development and rapid growth, pointing out that Cairo hosting the 52nd session of the African Insurance Organization conference reflects Egypt’s leadership and the strength of its economy in the
S&P: Insurers’ capital positions set the stage for ongoing resilience
We anticipate insurers will maintain robust capital positions to mitigate risks stemming from geopolitical instability and financial market volatility. Source: S&P
Oman: FSA mandates insurers to maintain minimum EV insurance share in motor insurance portfolios
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the maintenance of a minimum level of underwriting for electric vehicles (EVs) in proportion to the size of their respective motor insurance portfolios. Source: Financial Services Authority
Turkiye: Insurers study investment fund options for life insurance market
An investment fund model similar to the Private Pension System (BES) should be created in the life insurance market in Turkiye, according to the President of the Insurance Association of Turkiye, Mr Ahmet Yasar. Source: Middle East Insurance Review
PV insurance market can expect further ‘significant claims’ as Middle East conflict persists
The political violence (PV) insurance market faces intensifying pressure in the Middle East with escalating military actions threatening to disrupt commercial operations, leading to further “significant claims”. Source: Reinsurance News
Egypt: Annual transactions in the medical insurance industry expected to reach EGP400 billion
Dr Ahmed El-Sobky, International Healthcare Leader and Chairman of Egypt Healthcare, revealed that the expected annual transactions in Egypt’s medical insurance industry could range between EGP300 billion and EGP400 billion over the coming years. Source: أموال الغد
Strait of Hormuz tensions deepen pressure on marine and specialty markets as reinsurers brace for prolonged volatility
Howden Re’s latest analysis of the Strait of Hormuz crisis warns that while the global reinsurance market remains resilient, mounting losses across marine, energy and political violence lines are beginning to reshape underwriting conditions, pricing dynamics and risk appetite. Source: Howden
ME conflict may trigger a technological revolution the market is not prepared for in the long-term
From a very short-term perspective, conflicts such as the one in the Middle East can certainly trigger corrections. But from a longer-term perspective, what we are seeing is a full-fledged technological revolution. Source: Middle East Insurance Review
A resumption of military confrontation in the Middle East could dampen consumer sentiment and slow growth in the UAE, which might hinder insurers’ growth prospects
The Financial Regulatory Authority revealed strong performance for the insurance sector in Egypt during March 2026, with activity indicators showing notable growth in both commercial
From a risk management perspective, the Iran-US MOU should be assessed beyond its immediate political implications. For the insurance industry, the key question is whether
The agreement between Washington and Tehran will not immediately lower insurance premiums. Additionally, clearing mines from the Strait of Hormuz is delaying the return of
The Kuwaiti Insurance Regulatory Unit has decided to extend the deadline for submitting financial reports related to the Foreign Account Tax Compliance Act (FATCA) and
On June 4, the Insurance Authority announced a strategic goal to double the size of the domestic insurance market to reach $50 billion by 2030,