S&P Global Ratings (S&P) says that it is too early to assess the full financial impact of the floods ravaging the UAE over the past week and that therefore, negative rating actions are unlikely at this time.
Egypt's House of Representatives has given its in-principle approval for a draft unified insurance law that has been tabled in the parliament for several months.
The rise in uncertainty in the world is putting a strain on the insurance industry, and the industry must modernise to face this mounting uncertainty, according to Mr Mohamed Hassan Bensalah, the chairman of the Moroccan Insurance Federation (FMA).