The combined net profit of 75 listed GCC insurers remained steady at $1.7bn in the first nine months of 2025 (9M2025), mirroring trends from the first half of the year, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
The Insurers Federation of Egypt (IFE) has affirmed that adopting AI technologies within the insurance sector is a strategic step toward developing the market, boosting competitiveness, and enhancing operational efficiency across all insurance branches.
Gulf Insurance Group (GIG) reported a net insurance result of KWD11.6m ($37.9m) for the first nine months of 2025, down from KWD24.9m in the same period last year.
Morocco’s House of Representatives, which is the lower house of Parliament, has approved a draft law amending a 1984 royal decree concerning compensation for victims of accidents involving motor vehicles.
The Moroccan Insurance Federation (FMA) is pushing forward with the sector’s digital transformation following a 4 December 2025 meeting with insurers and reinsurers to advance the rollout of a multi-channel premium payment system.
Oman’s Financial Services Authority (FSA) has said that it has held discussions with insurance companies on developing a unified model for motor claims practices.
Qatar-headquartered Doha Insurance Group (DIG) is preparing to set up a branch in the Saudi Arabian insurance market to engage in reinsurance business, in an expansion of reinsurance operations overseas.
S&P Global Ratings (S&P) has revised its outlook on Saudi Reinsurance Company (Saudi Re) to positive from stable. At the same time, the global credit rating agency affirmed the reinsurer’s ‘A-’ long-term issuer credit and insurer financial strength ratings and ‘gcAAA’ Gulf Cooperation Council regional scale rating on the company.
The Syrian Insurance Federation (SIF) and the Syrian Insurance Agents and Brokers Federation (SIABF) have been dissolved.
The Tunisian Unified Automobile Bureau (BUAT) paid out TND4.6m ($1.56m) in compensation to victims of road accidents involving foreign vehicles in Tunisia during the first half of 2025.
The traditional family-based care practice is no longer sustainable, indicated the Deputy Secretary-General of the Insurance Association of Turkiye (TSB) Senol S Senturk.
Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster, an initiative spearheaded by Abu Dhabi Department of Economic Development and Abu Dhabi Investment Office. FIDA aims to advance the next generation of innovative financial and investment solutions.
Global
Both of India’s houses of Parliament have passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 introducing major reforms including allowing 100% foreign ownership in insurance companies in the country.
Multi-country pools and catastrophe bonds can lower costs, attract alternative capital and deliver rapid liquidity when disasters strike, according to the results of modelling by the OECD. Crucially, they reduce the capital drag of tail risks, freeing insurers to expand underwriting in their domestic markets.
Global reinsurer American International Group (AIG), in collaboration with Amwins, a global distributor of specialty insurance products and services, and funds managed by Blackstone, the world’s largest alternative asset manager, has announced a new Lloyd’s syndicate, Syndicate 2479, a novel structure involving a specialty distributor, insurer and Lloyd’s syndicate backed with third-party capital.
FSD Africa has announced a new $25–30m Inclusive InsurTech Investment Fund (3iF), to open the way for more private investment in the InsurTech sector, accelerate insurance innovation and close the continent’s protection gap. The Fund is expected to be launched in January 2026.
Climate risk insurance is evolving rapidly. Propelled by advances in geospatial analytics, AI-driven modelling and cross-sector collaboration, insurance mechanisms are emerging that go beyond loss recovery to strengthen resilience, according to an article published on the World Economic Forum’s website.
Takaful
Sierra Leone has become the 51st member of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), marking a significant step in the Jeddah-headquartered insurer’s expansion across Sub-Saharan Africa.
The Central Bank of Bahrain (CBB) has granted KFH Takaful Insurance Company a licence to provide insurance services in Bahrain.
Member mills of the Bangladesh Textile Mills Association (BTMA) will be able to provide Shariah-compliant group life and personal accident takaful coverage to their officials and employees, following the signing of a tripartite agreement.
Promoting inter-institutional synergy is one key to accelerating the transformation and strengthening the competitiveness of the Shariah insurance industry in Indonesia, according to a report released by IFG Progress, the think tank of Indonesia Financial Group (IFG), a state-owned financial holding company.
The Financial Services Authority (OJK) has stated that 29 Shariah Business Units of insurance companies are targeted to be spun off into full-fledged independent entities by the end of 2026.
Boubyan Takaful Insurance Company enjoys a strong capital position, Fitch Ratings has pointed out.
Pak-Qatar Family Takaful’s (PQFTL) initial public offering has been subscribed 3.2 times, marking the first IPO of a family takaful company on the Pakistan Stock Exchange (PSX).
The Insurance Regulatory of Uganda (IRA) has released the long-awaited Insurance (Takaful and Retakaful Regulations), 2025, marking a significant milestone in the country’s efforts to broaden insurance access by offering an alternative to conventional insurance.