Mr Chakib Abouzaid, the Secretary-General of the General Arab Insurance Federation (GAIF), made a statement on Iran and the US reaching agreement on a memorandum of understanding to end the Middle East war.
The security situation for the shipping industry remains volatile, even after the reported peace deal between the US and Iran, according to BIMCO, the world's largest direct-membership organisation for shipowners, charterers, shipbrokers and agents.
Registration for the 22nd edition of Singapore International Reinsurance Conference (SIRC) are now open. The SIRC will return this November with the theme "Capacity to Capability". It reflects the industry's focus on deepening expertise and building capabilities to navigate an increasingly...
The conflict in the Middle East and the blocking of the Strait of Hormuz have resulted in significant damage...
The Middle East conflict that dominated the first half of 2026 represents the fourth major supply shock to...
Société Tunisienne de Réassurance (Tunis Re) has a track record of adequate operating performance, illustrated by its five-year (2021-2025) weighted...
Saudi Arabia's health insurance market is growing, but insurers will not capture the full value of that growth through pricing discipline alone,...
Turkiye is actively addressing new avenues to increase inclusivity of the financial ecosystem, including strengthening the takaful regulatory...
Implementation guidelines for insurance experts have been prepared for the latest regulation on mandatory motor third-party liability insurance (also...
Fitch Ratings has said that it expects The Company for Cooperative Insurance (Tawuniya) to maintain its very strong financial performance over the...
Kuwait Reinsurance Co (Kuwait Re) will remain resilient to the consequences of the Middle East war, says S&P Global Ratings (S&P).
The Financial Regulatory Authority (FRA) has issued its decision on reinsurance requirements for insurance companies. The decision was published in...
From a risk management perspective, the Iran-US MOU should be assessed beyond its immediate political implications. For the insurance industry, the...
The UAE micro mobility segment (e-scooters, motorbikes, bicycle, electric bike) saw a +45% more major accidents in 2025 than in 2024, compared to a...
The first three months of this year represent an encouraging but narrowly concentrated step forward for the Saudi insurance industry, with a few...
Four companies have applied for the final licence for standalone medical insurance companies, the Chairman of the Financial Regulatory Authority...
Egypt has implemented a comprehensive reform programme for the insurance industry over the past four years, helping strengthen financial stability,...
Shareholders of non-life insurer Assurances Maghrebia have given the green light to raising the company's capital by TND10m ($3.4m).
Iran and the US have agreed on a memorandum of understanding (MoU) to end the armed conflict which broke out between them on 28 February.
Kuwait's Enaya Insurance Company has a track record of strong operating performance, demonstrated by a return-on-equity ratio of 16% in 2025, says AM...
A resumption of military confrontation in the Middle East could dampen consumer sentiment and slow growth in the UAE, which might hinder insurers'...
A new Lloyd's market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of...
Misr Insurance Company (MIC), Egypt's biggest general insurer, continued to demonstrate a robust operating performance in 2025, notes AM Best.
The insurance group Orient has a track record of very strong operating profitability and reported a return-on-equity ratio of 14.7%, and a net-net...
The news that a Memorandum of Understanding on a peace deal has been signed between the US and Iran could be a positive step toward easing...
Al Ahleia Insurance Company (AIC) has maintained its strong underwriting performance and prudent investment profile, and significantly strengthened...
The technical results of the Egyptian market rose by 4% to about EGP20.9bn ($421m) in 2025, compared to EGP20.1bn n 2024, reflecting the improved...
The Tunisian insurance sector is set for a profound transformation by 2030, with nationwide natural disaster insurance coverage, reform of the...
The number of people killed in road accidents in Tunisia has increased by 10.3% since the beginning of the year, despite a decrease in the total...
MAWDY Services Tunisia has appointed Mr Moez Bergaoui as its General Manager, effective July 2026, the company said in a statement.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing to establish a legislative framework for a new Protected Cell...
Saudi Arabia's 151-member Shura Council or Consultative Assembly has called on the Insurance Authority to study the challenges faced by the elderly...
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and...
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has shown strong business growth in 2025.
Shareholders of Al Rajhi Takaful Company, one of the biggest insurers in Saudi Arabia, have approved an increase of the company's capital by 100% to...
The peace deal between Iran and the US is described as "genuinely significant" by EDME Insurance Brokers' Managing Director - Reinsurance & Global...
Mr Alaa El-Zoheiry, Chairman of the Insurers Federation of Egypt (IFE), has been elected President of the African Insurance Organisation (AIO) for...
Gulf Insurance Group-Jordan (GIG Jordan) has recorded a sharp rise in net profits in 1Q2026, further consolidating its market leadership.
Monopoli Sigorta Aracilik Hizmetleri (Monopoli Sigorta), one of Turkiye's most established insurance brokers, and Acrisure, a leading global...
The Saudi Capital Market Authority has approved an application from The Company for Cooperative Insurance (Tawuniya) to increase its capital to...
HDI Sigorta has signed a share transfer agreement for the transfer of its wholly-owned takaful subsidiary, HDI Katilim Sigorta, to Aydin Group.
Kuwait Insurance Company (KIC) has a track record of strong operating performance, demonstrated by a three-year (2023-2025) weighted average...
The Arab War Risks Insurance Syndicate (AWRIS) delivered strong financial performance for 2025, with net premiums rising by 22.4% and net profit...
The Systemic Risk Coordination and Monitoring Committee (CCSRS) has said that the insurance sector continued its growth momentum against a generally...
The medical insurance branch continued to top the property and casualty insurance sector in 2025 with premiums amounting to EGP19.83bn, followed by...
Al Ahleia Insurance Company (AIC) has announced that it had received conditional approval from the Insurance Regulatory Unit (IRU) to add reinsurance...
SACE, the Italian export credit agency, owned by the Ministry of Economy and Finance, and Qatar Development Bank (QDB) have signed a reciprocal...
Generali Group has announced the appointment of Mr Luca Cetrano as Group Chief Investment Officer.
The operating performance of Damaan Islamic Insurance Company 'BEEMA' (Beema) is strong, as it has consistently reported robust technical...
Kuwait City-headquartered Enaya Insurance Company counts, among its strengths, an expanding franchise as the sixth-largest insurer in Kuwait by gross...
KFH Takaful Insurance Company has demonstrated a track record of robust profitability, evidenced in 2025 by a consolidated return-on-equity ratio of...
The Middle East war has added volatility, in particular, to specialty lines' 2026 earnings, according to S&P Global Ratings (S&P).
The Fidelis Partnership (TFP) has appointed Mr Alex Rossiter and Mr Greg Bowman to senior roles.
MAPFRE Sigorta reported higher net income of TRY1,910m ($41.1m) in 2025 (2024: TRY1,560m) driven by a higher investment income as interest rates...
GlobeMed Gulf, a leading healthcare benefits management company in the UAE and Mubadala Health Dubai, a key pillar within M42's world-class portfolio...
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...
Amana Takaful has concluded a rights Issue from which the company raised more than LKR1bn ($3m). The offer was oversubscribed by 68.8%, signalling...
Profitability is becoming increasingly concentrated among larger takaful operators, highlighting structural challenges for smaller firms, according...
The Insurers Federation of Egypt (IFE) is urging insurers to ramp up research and development in the industry to better understand the impact of...
Toronto-headquartered Manulife, a leading international financial services provider, is seeing growing demand for Shariah-compliant wealth planning...
GIG Gulf has joined a small number of insurers that have begun to offer some form of war risk cover.
The Financial Regulatory Authority (FRA) has issued a decision establishing stricter risk management and underwriting standards for the individual...
The Turkish insurance sector generated total premiums of TRY744bn ($15.8bn) in the first six months of this year, a 29% increase compared to the...
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has implemented the fourth phase of its action plan to make vehicle...
Reinsurance renewals in the Middle East remains concentrated on ensuring continuity of cover for clients during the evolving geopolitical tensions...
Misr Life Insurance Company (MLIC), Egypt's biggest life insurer, continued to demonstrate strong operating performance in 2025, says AM Best.
Suez Canal Insurance (SCI) has a track record of adequate operating performance, generating a solid return-on-equity (ROE) of 11.7% in 2025, says AM...
Abu Dhabi-headquartered Al Ain Ahlia Insurance Co (AAAIC) has reported slower topline growth and weaker underwriting results than similarly rated...
The participation insurance (takaful) sector in Turkiye chalked up contributions totalling TRY48.8bn ($1.04bn) in the first six months of the year,...
Allianz Partners has promoted Mr Carsten Staat to the role of Regional Managing Director for MEA, effective 1 August 2026.
AIG has appointed Ms Christine Williams as Head of Global Client and Broker Relationships, effective 1 September 2026.
Gallagher Re has appointed Ms Shreyaa Vohra as Executive Director. She is based in the DIFC, in Dubai, UAE.
Aon has expanded Mr Vlad Bobko's responsibilities to include Global Head of Strategy for Political Risk, War Risk and Crisis Management for Risk...
The Directorate General of Hajj and Umrah Economic Ecosystem Development (PE2HU) at the Ministry of Hajj and Umrah is strengthening efforts to...
1H2026 reflects a resilient yet more measured performance for Oman's listed insurance sector, as strong topline growth was offset by softer...
Viva Insurance Brokers, a Dubai-based insurance brokerage firm regulated by the UAE Central Bank and licensed by the Dubai Health Authority, has...
Moody's Ratings (Moody's) has assigned a 'Ba2' Insurance Financial Strength Rating (IFSR) to First Takaful Insurance Company (First Takaful). The...
Aon has appointed Mr Mike Reid as EMEA CEO of Facultative Reinsurance, effective 1 July 2026.
Al Ahleia Insurance Company (Al Ahleia) has a track record of strong operating performance, reporting improved pre-tax profits over the past five...
AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
Tokio Marine Kiln (TMK) has announced the appointment of Ms Alexandra Barnes as Departmental Head of Marine and Energy.
New regulations relating to mandatory motor third-party liability insurance (also known as traffic insurance) are to enter into effect on 1 July,...
Lebanon's Minister of Economy and Trade, Mr Amer Al-Basat, has unveiled a national strategy to restructure the insurance sector to support economic...
Work on the electronic integration of the National Health Insurance Platform, Dhamani, with pharmacies across the Sultanate has begun.
A committee tasked by the Syrian Insurance Supervisory Commission (SISC) to review fees chargeable by the regulator has completed its work.
Abu Dhabi National Insurance Company (ADNIC) has announced the appointment of Mr Jugal Madaan as Acting CEO.
Everest Group has promoted Mr Stephen Buonpane to the role of Global Head of Construction, within Global Wholesale and Specialty, effective October...
More than 1,000 delegates have registered to attend the the 35th General Arab Insurance Federation General Conference (GAIF35), three months ahead of...
Fawry Microinsurance Company has appointed Mr Tamer Saher Heriz as CEO and MD, effective July.
Egypt's Prime Minister, Dr Mostafa Madbouly, has issued a decree appointing Dr Rehab Taha as Assistant Chairman of the Financial Regulatory Authority...
The state-owned Caisse Nationale de Mutualite Agricole (CNMA, National Agricultural Mutual Fund) has posted positive financial results for 2025, with...
Aon has announced the appointment of Mr Simon Hawkins as Executive MD for reinsurance, within the global legacy team. He will join Aon later this...
The Abu Dhabi Civil Defence Authority (ADCDA) has warned that modern furniture pieces, such as sofas and smart tables equipped with electrical...
Aon has announced the appointment of Mr José María Navas as Chief Claims Officer for EMEA.
Gallagher Re has announced these appointments to its programme solutions team:
Saudi Reinsurance Company (Saudi Re) has announced the appointment of Ms Ruchi Jain as Principal Officer of Saudi Re's IIO-GIFT City, India Branch.
Arope Life Insurance-Egypt is preparing to engage in microinsurance after obtaining the necessary regulatory approvals for operating in this branch...
Dental treatment prices in Dubai are often visible online, but the quote logic behind them is not always clear, according to the findings of a review...
Al Ain Ahlia Insurance Company (Al Ain Ahlia) has announced the conclusion of Mr Mohd Mazhar Hamadeh's tenure as CEO, effective 11 June 2026. The...
Governments in several countries, such as Japan, have released statements welcoming the Iran-US memorandum of understanding (MoU ), mentioning in...
The Malaysian Takaful Association (MTA) expects a cautious outlook for the Islamic insurance industry in 2026, due to global uncertainties that weigh...
Lockton MENA Reinsurance Brokers has appointed Mr Zeeshan Ahmad as Treaty and Structured Solutions Leader.
An investment fund model similar to the Private Pension System (BES) should be created in the life insurance market in Turkiye, according to the...
The Syrian Ministry of Finance has announced the appointment of Mr Firas El Azem as Director General of the Syrian Insurance Supervisory Commission...
The Islamic Arab Insurance Company (SALAMA) has announced the elections of His Excellency Humaid Mohammad Obaid Alqutami and Mr Fareed Lutfi Al...
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the...
The operating performance Kuwait International Takaful Insurance Company (KITI) is assessed as adequate, according to AM Best.
Price Forbes has announced the building of its facultative capability in the Middle East and Africa (MEA) region with two senior appointments.
Alliance Assurances has started a takaful insurance window called "Alliance Takaful" to support Islamic finance development and the public...
MENA RE Underwriters (MENA Re), a wholly owned subsidiary of Doha Insurance Group based in the DIFC, has announced the promotion of Mr Tareq Hussein...
Aon has appointed Mr Robert Reville as Senior Managing Director and Casualty Catastrophe Market Leader for Aon's Risk Capital, effective 15 July 2026.
The Moroccan motor insurance market is facing scrutiny as it is marked by pricing that is practically the same from one insurance company to...
The UAE economy has shown remarkable resilience to the conflict in the Middle East, according to an International Monetary Fund (IMF) staff team led...
Markel Insurance, the insurance operations within Markel Group, has promoted Mr Grant Smith to the role of Director of Marine Transportation at...
MS Amlin has appointed Ms Kirsten Mitchell-Wallace as Chief Risk Officer (CRO) and Mr Philip Young as Chief Information Officer (CIO). Both...
Qatar's central bank has issued the country's first licence for an insurance policy price comparison website, marking a further step in its efforts...
The total population of the Gulf Cooperation Council (GCC) countries is estimated at 62.8m in 2025, with an average annual growth of 3.5%, according...
Saudi Reinsurance Company has obtained the Insurance Authority's approval to complete its acquisition of a strategic 22.5% stake in British company...
The Moroccan Insurance Federation (FMA) has launched a consultation exercise to conduct a study on the analysis and strengthening of the role of...
A wave of guarded but firm optimism has followed the Memorandum of Agreement on a US-Iran peace deal, according to Mr Suresh Nair, Executive...
The Jordan Insurance Federation (JIF) is working to establish a comprehensive digital platform to assist insurance companies in underwriting and...
The disruption to shipping through the Strait of Hormuz has tested the resilience of the UAE's homebuilding sector, said Ms Lisa Jaeger, VP-Senior...
Moody's Ratings (Moody's) has assigned an 'A1' insurance financial strength rating (IFSR) to National Insurance Company-Daman (Daman), along with an...
Active Capital Reinsurance (Active Re), a global reinsurer headquartered in Barbados, has announced that it closed 2025 with a combined ratio of...
Liberty Mutual Insurance has promoted Mr Gareth Rees to the role of Global Lines Leader for its Global Transaction Solutions (GTS) business.
The number of actuaries in Egypt reached 50 individuals as of 31 March 2026, compared to 46 experts compared to 12 months previously, according to...
Everest Group has promoted Mr Craig Hanrahan to the role of Global Distribution and Chief Commercial Officer, effective 1 August 2026.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has amended a regulation, that among various requirements, mandates...
Syrian Airlines Holding Company has signed its first reinsurance contract with international reinsurers with high credit ratings in the Lloyd's...
Ilaf Takaful Insurance Company has demonstrated a track record of sound operating performance, reporting a good balance of earnings between its...
The General Secretariat of the Government has released a draft Bill to amend and supplement the Insurance Code to accelerate digital transformation,...
Societe Tunisienne de Reassurance's (Tunis Re) profitability is expected to remain strong, supported by solid underwriting expertise and robust...
Gallagher, the global insurance brokerage, risk management and consulting firm, has increased its investment in ACE Gallagher Holding, one of the...
The insurance industry in the UAE is no longer limited to the traditional form of comprehensive motor insurance. Instead, it is witnessing a real...
The Deutsche Ruck Group has been awarded an "A+" rating with a stable outlook by the rating agency Fitch. This is the first time the rating agency...
The UAE's listed insurance sector started 2026 on a stable footing, with revenue growing by 11% to AED13.4bn ($3.65bn) in 1Q2026 (1Q2025: AED12.1bn),...
The Insurers Federation of Egypt (IFE) has confirmed that the country's healthcare segment is facing a series of strategic challenges related to...
Digital reputation risk has emerged to as one of the most complex and influential risks for insurers today, due to its ability to spread rapidly...
GCC insurers entered the ongoing regional geopolitical escalation from a position of relative strength, with 1Q2026 results continuing to reflect...
Rising geopolitical tensions have increasingly affected insurance markets across the GCC, driving stronger demand for specialty insurance products...
The operating performance of Qatar Islamic Insurance Group (QIIG) is strong, says AM Best, which expects profitability to remain broadly consistent...
Oman Qatar Insurance Company (OQIC) has announced that S&P Global Ratings (S&P) has assigned the company its first long-term Insurer Financial...
Health insurance was the branch with the highest share in the Turkish insurance market in the first quarter of this year, according to Mr Ahmet...
From a very short-term perspective, conflicts such as the one in the Middle East can certainly trigger corrections. But from a longer-term...
Munich Re has announced the retirement of Mr Daniel Cossette, who has decided to conclude his tenure after 19 years. He is succeeded by Mr Gavin...
Bahrain-headquartered Trust Re has officially been accredited as an International Professional Partner Firm (IPPF) by the Chartered Insurance...
Swiss Re has appointed Ms Hazel Etherington to Global High Net Worth.
Allianz Partners has announced senior appointments across its health line of business.
Liva Group has appointed Mr Michael Thomssen as Group Chief Financial and Investment Officer.
OdysseyRe has announced the appointments of Ms Anne-Claire Serres and Mr Tegwen Gromellon as Co-Chief Underwriting Officers of its EMEA division,...
For the insurance industry, and especially the Political Violence & Terrorism (PVT) business, the war in the Middle East may lead to significant...
Islamic insurance remained broadly stable in 2025, with solvency ratios generally within regulatory requirements across jurisdictions, according to...
The Fidelis Partnership (TFP) has launched the TFP PVT Consortium to deploy meaningful new capacity into the War, Terror and Political Violence...
National General Insurance Company (NGI) has a track record of strong operating performance and generated a profit after tax of AED119.2m [$32.5m] in...
MAE Assurances has announced the appointment of Mr Hatem Amira as its new CEO, effective 1 June. He succeeds Mr Lassaad Zarrouk, who had led the...
Multi-class specialty MGA, HIVE Underwriting, has appointed Mr James Lee as Non-Executive Director.