Egypt: Financial Regulatory Authority clarifies timelines for insurance companies to comply with governance rules
In Egypt, the Financial Regulatory Authority (FRA) has clarified the deadlines for insurance and reinsurance companies to comply with governance rules, confirming that the final deadline for meeting the remaining governance requirements has been extended to January 22, 2027, instead of October 22, 2026, following a decision to grant an
Egypt sets new underwriting and pricing rules for credit & guarantee insurance
The Financial Regulatory Authority (FRA) has issued a decision regarding the controls for underwriting and pricing in credit and guarantee insurance policies. Source: Middle East Insurance Review
Saudi insurance market doubles within 4 years to 84 billion riyals
An executive head of an insurance company in the Kingdom estimated the size of the insurance market at 42 billion riyals in 2021, while it rose to 84 billion riyals in 2025, marking a 100% increase over four years. Source: الرياض
Moody’s: Reinsurance companies need a more accurate assessment to ensure portfolio quality
The quality of data provided by ceding insurance companies to reinsurance companies is becoming increasingly important as the market transitions to a more competitive phase and pricing pressures mount, according to a recent analysis published by Moody’s. Source: Al Morakeb Group
General: Fitch survey suggests further property cat reinsurance declines at 2027 renewals
60% of respondents to a recent Fitch Ratings survey expect further price falls in the property cat reinsurance segment at the 2027 renewals, though most think price declines will not exceed 10%, suggesting a more moderate pace of decline than in previous renewals. Source: Al Morakeb Group
General: Hybrid fronting can bring new or underpenetrated risks into the insurance market
Hybrid fronting has the potential to grow the insurance market by bringing new or underpenetrated risks into the market, making specialist underwriting expertise accessible to institutional capital, and making regulated capacity accessible to MGAs. Source: Reinsurance News
Kuwait: Underwriting leads insurance industry’s 1H2026 growth
Kuwait’s listed insurance sector carried firm momentum into the first half of 2026. Source: Middle East Insurance Review
Egypt: The financial regulator extends the deadline for insurance and reinsurance companies to sort out their affairs by 3 months
The deadline given to insurance and reinsurance companies to comply with the governance rules for insurance and reinsurance companies has been extended by an additional 3 months. Source: المال
Kuwait’s listed insurance sector carried firm momentum into the first half of 2026. Source: Middle East Insurance Review
The deadline given to insurance and reinsurance companies to comply with the governance rules for insurance and reinsurance companies has been extended by an additional
Moody’s expects solvency pressures in the Saudi insurance sector to increase as the sector changes, starting January 2027, to a risk-based capital and economic solvency
The ongoing Middle East conflict demonstrates the takaful sector’s limited direct underwriting exposure to geopolitical events, according to Moody’s Ratings. Source: Middle East Insurance Review
The Egyptian Insurance Federation stated that achieving insurance inclusion for this category requires designing specialized products capable of covering professional and cyber risks, as well
The total premiums collected in the insurance sector rose to 34.05 billion EGP during the second quarter of year 2026, compared to about 26.4 billion