The Algerian insurance market posted a total premium volume of DZD56.9bn ($439m) in 1Q2025, 13.3% higher than in the corresponding quarter in 2024, including international acceptances and retakaful, the National Insurance Council (CNA) indicated.
The Insurers Federation of Egypt (IFE) has recommended that insurance companies operating in the local market develop new insurance products specifically designed to cover AI risks.
Kuwait Reinsurance Company (Kuwait Re) has sustained improvement in its operating performance in recent years, evidenced by a return-on-equity ratio that increased steadily to 16.5% in 2024 from 9.5% in 2020, says AM Best.
The Lebanese Cabinet has appointed a new chairman for the insurance sector regulatory body, a post that had been vacant for more than 10 years.
The Systemic Risk Coordination and Monitoring Committee (CCSRS) says that stress test exercises have highlighted the overall resilience of insurance companies to adverse macroeconomic and technical conditions.
Mergers and withdrawals from the Omani insurance market have reduced the number of insurers to 17 currently from 23 in 2011, according to a report released by the International Association of Insurance Supervisors (IAIS).
Qatar Insurance Group (QIC) has achieved the prestigious (p) ‘AAA’ ESG rating from MSCI ESG Research-the highest possible rating under MSCI’s globally recognised environmental, social, and governance (ESG) framework.
The Consultative Assembly of Saudi Arabia has requested the Insurance Authority (IA) to study the possibility of amending the system for filing insurance claims for minor accidents, allowing drivers to submit them directly to insurers.
The Insurance Association of Turkiye (TSB) has published a final report on eight priority projects for the 2025-2029 strategy period.
Salama, one of the world’s largest and longest-established Shariah-compliant takaful solution providers, has partnered with Policybazaar.ae, a leading and regulated digital insurance broker in the UAE, in a landmark move to increase life insurance penetration in the UAE.
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has announced a strategic partnership with the Sheikh Zayed Housing Programme (SZHP) to launch a specialised life insurance offering for eligible UAE nationals.
Global
Aon, a leading global professional services firm, has outlined a rare and potentially short-lived moment in the global insurance market with capacity expanding and pricing softening across many lines, creating favourable conditions for buyers.
As hydrogen becomes integrated into the global economy, insurers can expect to see a significant increase in demand for coverage, with Allianz Commercial expecting the insurance market for hydrogen project coverage to grow to over $3bn in premiums by 2030.
Insured losses from natural catastrophes now consistently exceed $100bn per year, says Willis in its “Natural Catastrophe Review – Expert insights, lessons learned and outlook, January – June 2025” report.
The IAIS has published an input paper developed with the World Bank Group for the G20 Sustainable Finance Working Group (SFWG) focussed on identifying and addressing natural catastrophe (NatCat) protection gaps.
Takaful
Global ESG sukuk is likely to surpass $60bn outstanding by end-2026, reflecting its expanding role in funding sustainability initiatives, attracting a diverse investor base, and ongoing regulatory reforms, says Fitch Ratings.
The Council of the Islamic Financial Services Board (IFSB) has adopted a new standard on the effective supervision of Shariah governance and approved the issuance of a Guidance Note aimed at strengthening crisis preparedness in the takaful sector.
Takaful contributions in the first quarter of the year reached DZD234m ($1.8m), around 0.4% of the market GWP, compared with DZD113.6m in 1Q2024, registering a jump of 106.3%.
The National Pension Authority (NPA) is set to introduce an “Islamic version” of its universal pension scheme to increase its acceptance and uptake among Muslims.
The Financial Services Authority (OJK) continues to encourage Shariah insurance companies to develop products for the halal industry, in line with the 2023–2027 Roadmap for the Development and Strengthening of the Indonesia Insurance Industry.
The Central Bank of Somalia (CBS) has announced the formal commencement of the licensing process for takaful service providers, following the enactment of the National Takaful Law in May 2025, said the Bank in a media release in July.
Sukoon Takaful Company, a subsidiary that is 94.66% owned by Sukoon Insurance, has delivered a standout performance in the first half of 2025, surpassing the entire 2024 revenue, the Islamic insurer said in a disclosure filed with the Dubai Financial Market.