Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2025

NatCAT


Effective CAT modelling for the Middle East

As natural disasters grow in frequency and intensity across the Middle East, traditional catastrophe models built for temperate climates are proving dangerously inadequate. From sudden flash floods in desert wadis to the complex seismic activity beneath rapidly urbanising cities, the region demands a new generation of CAT models tailored to its unique vulnerabilities.
 

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Egypt's IFE plans solutions for Nat CAT coverage

Although Egypt has not experienced major floods or earthquakes in recent years, lessons taken from the September 2023 Al Haouz quake that struck Morocco have led to moves to develop parametric insurance and establish a Nat CAT pool that will offer coverage to unprotected residential properties in Egypt against earthquakes and floods.
 

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Saudi Arabia: Widespread but under-modelled Nat CAT risks challenge actuaries

Nat CAT risks in the Kingdom of Saudi Arabia present actuaries with unique and complex challenges, such as longer and hotter summers due to climate change, sparse and inconsistent historical records of events and even region-specific hazards like dust and sandstorms, an under-modelled risk.
 

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Middle East faces growing pressure to close Nat CAT insurance gaps

As extreme weather events become more frequent and severe, the Middle East is confronting rising insured losses and increased volatility. Despite recent floods and cyclones exposing major vulnerabilities, Nat CAT insurance penetration remains low across the region.   
 

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