AXA XL, the P&C and specialty risk division of Paris-headquartered AXA Group, has reported a EUR100m ($115.4m) loss related to the Middle East for the first half of this year.
Composite insurance rates in the second quarter of this year decreased 16% in India, Middle East, and Africa (IMEA) region, the biggest fall across all regions analysed, according to Marsh, the global leading insurance broker.
QNB Egypt Bank, a subsidiary of the Qatari-owned commercial bank, QNB, plans to establish a property insurance company, in a move aimed at completing the group’s non-banking financial services system.
The Jordan Insurance Federation (JIF) is working to establish a comprehensive digital platform to assist insurance companies in underwriting and compensation processes.
Kuwait Reinsurance Company has demonstrated a track record of strong operating performance, evidenced by a return-on-equity ratio that has been consistently in the double digits over the past five years (2020-2025), peaking in 2025 at 19.9%, noted AM Best.
The Moroccan insurance industry posted a combined net income of MAD5.3bn ($566m) in 2025, which represents a jump of 21.4% over 2024, as the sector benefitted from the strong performance of the financial market, according to the 2025 Annual Financial Stability Report.
The Moroccan motor insurance market is facing scrutiny as it is marked by pricing that is practically the same from one insurance company to another, despite an apparently liberalised competitive framework and the number of insurers operating in the market.
The first half of 2026 reflected a resilient yet more measured performance for Oman’s listed insurance sector, as strong topline growth was offset by softer profitability amid a normalisation of earnings, said BADRI Management Consultancy, an international actuarial and risk management firm.
Oman Re, the Sultanate of Oman’s sole reinsurer, has announced its financial results for the six months ended 30 June 2026, which reflect improved technical performance, disciplined underwriting and continued progress in executing its strategic priorities.
Profitability in the insurance industry in Qatar remained strong and sustainable in 2025, according to the Qatar Central Bank (QCB) in its annual Financial Stability Report.
Saudi Reinsurance (Saudi Re) has posted a net profit of SAR162m ($43.3m) for the first half of this year, 84% higher than in the corresponding half last year.
The Company for Cooperative Insurance (Tawuniya), which ranks among Saudi Arabia’s top three insurers, has reported a net profit after zakat, attributable to shareholders of SAR609.85m ($162.8m) for the first half of 2026, 16.16% lower than the SAR729.11m in the corresponding half of last year.
Tunis Re’s turnover reached TND126m ($31.85m) in the first six months of this year, representing a 2.2% increase compared with the corresponding half of 2025.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has published a circular, setting out that the authority, responsibility and duties of claims investigators are limited solely to investigating insurance fraud and suspicious claims.
Orient Insurance, the leading insurance company in the UAE, has announced strong financial results for the first half of 2026.
Miller, the London-headquartered independent specialist (re)insurance broker, has completed its acquisition of Shields Reinsurance Brokers (Shields), an independent reinsurance broker based in Dubai.
Global
Willis Re, the international reinsurance broker, has launched its global life reinsurance practice following the recent appointment of Mr Christian Howells as Head of Life Reinsurance.
Claim reports indicate that there is a rise in the use or threat of violence involved in luxury watch theft, according to the findings of a study released by The Watch Register, an established London-based international database of lost and stolen luxury watches.
It is increasingly likely that the planet is headed for a very strong El Nino this year, with the US’s National Oceanic and Atmospheric Administration (NOAA) assigning an 80% probability to a rise in Pacific Ocean temperatures in excess of 20C, says Fitch Ratings (Fitch).
The insurance sector faced losses of approximately $47bn from disasters in the first half of 2026, with additional adjustment to these figures expected. This was broadly in line with the average since 2000, says Aon, a leading global insurance broker.
Takaful
The takaful market was the main driver of growth in the Egyptian insurance industry in the first quarter of this year, statistics released by the Financial Regulatory Authority (FRA) reveal.
The Indonesian Shariah Insurance Association (AASI) and the Ministry of Hajj and Umrah are collaborating to improve protection for Umrah pilgrims by developing the Umrah Travel Shariah Insurance (ASPU) ecosystem.
Indonesia’s Islamic insurance industry recorded negative investment returns in the first quarter of 2026 as volatility in the domestic capital market weighed on equity-based investments, according to the Financial Services Authority (OJK).
The President of Kyrgyzstan, Mr Sadyr Japarov, has signed an amended law that introduces a mechanism for mandatory and voluntary home insurance based on Islamic insurance principles.
Sukuk issuance will continue to be driven primarily by local currency markets, particularly Malaysia, whose strong performance over the first half of 2026 offset a 9% decline in Gulf Cooperation Council issuance prompted by the Middle East war, says S&P Global Ratings (S&P).
Pakistan General Insurance Company (PGIC) has received approval from the Securities and Exchange Commission of Pakistan (SECP) to operate a takaful window.
Holy Land Takaful Insurance has launched an initial public offering (IPO), to expand community participation in the company.
Al Khaleej Takaful Insurance Company (AKTI) has reported an increase in first-half profitability, with shareholders’ net income rising to QAR36.0m ($9.9m) for the six months ended 30 June 2026.
The participation insurance (takaful) sector in Turkiye posted contributions totalling TRY48.4bn ($1.02bn) in the first six months of the year, 50.1% higher compared to the corresponding half in 2025, in nominal terms, according to data from the Insurance Association of Turkiye (TSB). The real growth was 13.6%.
Tamini General Insurance, Uganda’s first licensed takaful operator and a member of the Al Salaam Africa Group, has received Shariah certification from Bahrain-based Shariyah Review Bureau (SRB) for its portfolio of takaful products.