Cause for optimism
2023
10th Middle East Insurance Industry Awards winners prove their mettle amid intense competition
2024
Challenges will continue but opportunities lie ahead
Exciting times ahead for the MENA region
Growth will sustain despite complex geopolitical situation
Insurance industry forecast for 2024
MGAs and M&A emerging in the Middle East
Middle East economy has mixed impact on insurers
Positive outlook for reinsurers in Middle East
Regulatory measures expected to raise cost of operations
Kuwait
Kuwait's insurers continue to grapple with compliance
Non-life growth remains strong in Kuwait
Reinsurance market expected to continue hardening
Strengthening supervision and restoring trust
Young population offers huge potential for life sector
Saudi Arabia
Saudi Arabia market too fragmented compared to its size
General
Bahrain wants more InsurTech growth
ESG reporting in the Middle East eclipsed by regulatory changes
Türkiye hopes to attract more investment to grow insurance market
SIRC delivers in style once again
View from India - Brokers need to reinvent themselves
Ready for the next 40
A platform for collaboration
Creative solutions in alternative risk transfer
The hard market will continue
AI is the new electricity
Underwriting cyber security insurance
MENA
The 29th FAIR 2025 will be held in India
Insurers heavily influenced by regional industry profile and operating environment
Algeria: Insurance industry grows by 4.3% in 1H2023
Bahrain: Central bank releases ESG reporting rules
Egypt: Insurance federation reviews insurers' coverage of risks of green hydrogen projects
Egypt: Insurers urged to design prototype products to address the lack of data
Kuwait: Regulator warns insurers against bargaining over motor claim payouts
Lebanon: Gross premiums of insurance market reach $1.6bn in 2022
Morocco: Proposed cuts in VAT on commissions fail to appease insurance brokers and agents
Morocco: Roadmap stresses importance of inclusive insurance
Saudi Arabia: Maximum medical insurance coverage for foreign tourists announced
Tunisia: Lawmakers debate new 4% tax on insurers
Türkiye: Liability insurance requirements for nuclear pool take effect
UAE: ADNIC launches technical training in insurance to groom local talents
UAE: Half of SMEs lack adequate insurance coverage
Yemen: Insurance companies exclude war risks in marine insurance policies
Global
Global: Insurance industry strengthens resilience in challenging environment
Global: As growing risks impact insurance affordability, customers seek insurers' help to prevent losses
Global: International development financing for pre-arranged financing not in favour of the poorest
Europe: Inflation, interest rates volatility biggest challenges for revenue growth in 2024
Takaful
Egypt: Misr Takaful to strengthen capital base
Indonesia: Insurers must spin off takaful windows before Dec 2026 deadline
Malaysia: Public awareness on takaful, insurance coverage still low
UAE: SALAMA reports 19% increase in net profit in 3Q
UAE: ADNTC to maintain strong underwriting results
New scenario highlights vulnerability of the global economy to extreme weather
Insurers prioritise profit over growth
Shipping industry pays an average $3.2m in ransom attacks
The new generation of risks
Links between global climate events getting stronger
Singapore insurers can help the country age well
Over 1,000 companies set net-zero targets, but only 4% meet UN standards
Japan: Poor work performance associated with depressive symptoms
AI not main cause of recent insurance layoffs
Ecological threats increase the risk of conflict
Australian companies could face new liability for nature-based risks
Extreme weather tops risks to watch by 2030
QLM launches new medical insurance product in Qatar
Solidarity Bahrain and Al Salam Bank launch takaful product
Insurance House launches easy payment plan for group health insurance
Watania launches motor takaful product on InsurTech platform
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