Qatar: Takaful companies’ profits rise by 2.7% to $97.5 million
Profits of takaful companies in Qatar grew by 2.7% during last year to reach QAR 355 million ($97.5 million), according to the Islamic Finance Report issued by Bait Al-Mashura Finance Consultancies. Source: العربي الجديد
Middle East losses push WTPV market toward first unprofitable year since 9/11
The War, Terrorism, and Political Violence (WTPV) market has entered a materially more complex phase, according to Marsh Re. Middle East losses are being discussed at north of $2bn against an annual gross premium base of approximately $2.5bn, making this likely the first loss-making year for the class since 9/11.
Aon: Record $800bn reinsurance capital offers insurers growth opportunities heading into 1.1
With global reinsurance capital climbing to a record $800 billion, insurers heading into the 1 January 2027 renewals have an exceptional opportunity to move from a defensive balance sheet management to strategic expansion. Source: Reinsurance News
Munich Re: Non-peak peril losses exceed $100 billion for the first time
Munich Re has revealed that non-peak peril losses have surpassed the $100 billion mark for the first time. This serves as a key indicator reflecting a significant shift in the nature of disaster risks facing the global insurance and reinsurance sector. Source: Al Morakeb Group
Egypt: Prime Minister directs to strengthen the supervision and protection of non-banking financial sector
In Egypt, Dr Moustafa Madbouly, Prime Minister, held a meeting with Dr Islam Azzam, Chairman of the Financial Regulatory Authority (FRA), to follow-up on the latest developments in the non-banking financial sector, including capital market, insurance, and non-banking financing activities. Source: أموال الغد
Egypt: Insurance federation issues 11 strategic recommendations amid regional geopolitical risks
The Insurers Federation of Egypt (IFE) has published 11 recommendations to insurance companies covering maritime and transport risks, responding to on-going developments related to the US-Iran war, and the rapid repercussions on maritime and air traffic, international transport and trade routes. Source: Middle East Insurance Review
Kuwait’s Insurance Regulatory Unit issues two circulars regarding credit ratings
Kuwait’s Insurance Regulatory Unit (IRU) has issued circular no 19 of year 2026 concerning the adoption of disclosure models, corrective action plans, and follow-up implementation in case of a credit rating downgrade. It has also issued the circular no 18 of year 2026 regarding the update of guidelines related to
Lloyd’s records £1.9 billion as underwriting results in H1 2026
The Lloyd’s market recorded an underwriting result of £1.9 billion during the first half of year 2026, compared to £1.5 billion in the same period of last year. Meanwhile, the combined ratio improved to 90.8%, compared to 92.5% in the first half of year 2025. Source: المال
The CEO of the Insurance Authority, Engineer Naji Al-Tamimi, said that the insurance sector’s capital in the Kingdom has risen to 36 billion riyals ($9.6
Reinsurance sector is going through a phase of rapid changes, with new sources of capital entering the market, coinciding with the growing impact of artificial
The Chairman of the Financial Regulatory Authority (FRA), Dr Islam Azzam, issued a decision forming a committee to draft a unified model template for the
The Minister of Finance and Chairman of the Board of Directors of the Syrian Insurance Supervisory Authority, Mohammed Yisr Barniah, issued a decision obligating private
Agricultural insurance is emerging as an engine of growth for the national market, promoting diversification, investments, and essential coverage against climate risks. Source: Middle East
KBW, a financial services firm providing research and advisory services across the insurance and reinsurance sectors, expects property catastrophe excess-of-loss (XoL) reinsurance rates to fall