The United Nations Development Programme (UNDP) and the Algerian Institute of Higher Financial Studies (IAHEF) have signed a memorandum of understanding aimed at strengthening national capacities in the field of inclusive insurance in Algeria.
The insurance industry in Egypt achieved strong growth in 2025, supported by the implementation of the Unified Insurance Law of 2024 and the expansion of the customer base, reflecting the growing role of the sector in supporting financial stability and providing protection for various economic activities.
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the maintenance of a minimum level of underwriting for electric vehicles (EVs) in proportion to the size of their respective motor insurance portfolios.
The General Secretariat of the Government has released a draft Bill to amend and supplement the Insurance Code to accelerate digital transformation, strengthen policyholder protection and broaden access to insurance for previously underserved segments of the population.
The first three months of this year represented an encouraging but narrowly concentrated step forward for the Saudi insurance industry, with a few standout exceptions, according to international actuarial and risk solutions company BADRI Management Consultancy.
The Tunisian insurance market generated satisfactory growth in premium income in the first quarter of the year, buoyed by a notable increase in life insurance premiums and growth across all lines.
A new insurance model is being developed to address the growing need for elderly care to enable people to afford physical and mental care as they age.
The insurance industry in the UAE is no longer limited to the traditional form of comprehensive motor insurance. Instead, it is witnessing a real transformation in product design to keep pace with drivers’ behaviour, technology and market conditions, according to Mr George Al-Ashkar, advisor to the board of directors of Dubai-based Fidelity Insurance Services.
Global
The FIFA World Cup 2026 represents a concentrated convergence of people-related exposures for risk professionals, says Mr Marc Hewitt, Head of Special Risks and Senior Vice President at Marsh.
Industry bodies across markets are calling for EVs to be designed with repairability in mind, says Swiss Re Institute in a blog.
For decades, discussions about agricultural insurance have centred on the individual farmer—how to protect smallholders from crop losses, stabilise incomes, and encourage investment.
Takaful
Listed insurer Alliance Assurances has started a takaful insurance window called “Alliance Takaful” to support Islamic finance development and the public authorities’ goal of promoting an inclusive financial industry.
Saf Takaful Insurance and Reinsurance Broker (Saf) has officially commenced operations and announced the establishment of a takaful window in strategic partnership with Qala Insurance.
The operating performance of Kuwait International Takaful Insurance Company (KITI) is assessed as adequate by credit ratings organisation AM Best.
Addressing structural pressures in Islamic insurance requires improvements in business models, pricing discipline, and capital frameworks, according to the “Islamic Financial Stability Report 2026” released by the Kuala Lumpur-headquartered Islamic Financial Services Board (IFSB).
The Malaysian Takaful Association (MTA) expects a cautious outlook for the Islamic insurance industry in 2026, due to global uncertainties weighing on business confidence and consumer sentiment.
The takaful subsidiaries of Malaysia’s reinsurance and retakaful group MNRB — Takaful Ikhlas General and Takaful Ikhlas Family, collectively known as Takaful IKHLAS — recorded a combined profit after tax of MYR108.8m ($27.4m) in the financial year ended 31 March 2026 (FY2026).
Italy’s government-owned export credit agency, SACE, and Qatar Development Bank (QDB) signed a reciprocal reinsurance agreement in June 2026 to support export credit transactions involving Italian and Qatari suppliers in international markets.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has shown strong business growth in 2025.