ME conflict: Significant MENA growth impacts risk compounding under a prolonged conflict
The forecast for region-wide GDP growth in MENA in 2026 has been revised from 3.9% to 3.1%, in line with the base-case assumption that the US-Iran conflict will be time-bound for up to four weeks. Source: Middle East Insurance Review
The United States increases the maritime reinsurance program on the Strait of Hormuz to $40 billion.
The United States announced the doubling of the maritime reinsurance program to $40 billion, involving new insurance partners, in a move aimed at supporting the continued flow of oil trade and boosting the confidence of shipping companies. Source: بوابة التأمين الإقتصادية
3.5 billion pounds is the total of Takaful insurance companies’ premiums and 7.5 billion for ‘Al-Tijari’ during January
The monthly reports issued by the Financial Regulatory Authority revealed that Takaful insurance companies in the Egyptian market achieved a collected premiums total of 3.469 billion pounds in January 2026, compared to 1.925 billion pounds in January 2025, with a growth rate of 80.2%. Source: اموال الغد
Marsh: Radical shifts in global terrorism risks pose new challenges to the insurance sector
The annual report by Marsh on terrorism insurance risks for 2026 revealed a dramatic change in the nature of security threats worldwide, as they have shifted from organized attacks targeting property to more frequent operations driven by ideological motives and targeting individuals and critical infrastructure. Source: المال
UAE: Dubai police raise alert against fake insurance companies
Dubai Police have issued a warning to the public about the growing risk of falling victim to fraudulent insurance companies and offices, urging individuals to verify licences and documentation before making any payments. Source: Middle East Insurance Review
Saudi Arabia: sector profits reach 1.72 billion riyals
An analysis of insurance companies’ results revealed different performance during the recent period; 14 companies reported profits, while 11 companies recorded losses. The sector’s total net profit reached approximately 1.72 billion riyals. Source: Al Morakeb Group
The Saudi Insurance Authority sets the transition date for the Risk-Based Capital (RBC) framework
The Insurance Authority in Saudi Arabia has announced the transition to the mandatory implementation of the Risk-Based Capital (RBC) framework starting January 1, 2027. This will become the approved framework for measuring the solvency of insurance and reinsurance companies, replacing the current regulatory framework: Source: العربية
ME conflict: Iran’s largest insurer pays at least US$114m in claims for damages suffered in the war
State-owned Iran Insurance Company, Iran’s largest insurer, has paid a record IRR150tn ($114m) in compensation to individuals affected by the Iran-Israel-US war since the hostilities broke out on 28 February. Source: Middle East Insurance Review
Shipowners are reluctant to risk crossing the Hormuz Strait even with insurance because of the high cost of the assets, according to Mr. Mohamed Mahran,
Despite the conflict in the Middle East, more than 7 companies out of 10 continue to expect positive export growth in 2026. Source: Allianz
A new report from S&P has suggested that rising demand for data center insurance coverage could generate $10 billion in new premiums in 2026, highlighting
The Jordan Insurance Federation (JIF) has released a working paper titled “Implications of the War on Iran for the Jordan Insurance Sector”, outlining the risks
Global insurance and reinsurance markets have entered a phase of comprehensive reassessment of maritime risks following the escalation of geopolitical tensions in the Strait of
The Financial Regulatory Authority revealed a 6.4% decrease in premiums collected from insurance company clients in Egypt during January 2026, reaching approximately EGP 10.925 billion,