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Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Sep 2026

News Snippets

From Hormuz to Singapore: How insurance markets and economies are absorbing ME geopolitics

ME conflict creates uneven risks for GCC corporate sectors

Appetite for property risk unaltered despite ongoing ME conflict

Saudi Arabia: GDP growth projected to slow to 1.7% in 2026 amid regional headwinds, per IMF

AI surge offsets ME energy drag as Singapore economy expands 6% in 1H2026

LMA excludes indemnity for Hormuz Strait transit fees amid sanctions concerns

Reinsurance

GIC Re upbeat on opportunities in MENA region

Life reinsurance market at an inflection point

Market discipline to drive 1/1 aviation renewals amidst ME conflict

Climate shift prompts market-wide reassessment of Middle East disaster risks

ME cyber insurance market to continue to grow as buyer base expands

The next competitive advantage for (re)insurers in the Middle East: data capabilities, not capital

Beyond growth: Building sustainable MGA platforms in the Middle East

Specialty insurance

Building capacity for the world's mega projects

Soft pricing masks realities of the Middle East energy insurance market

Cyber insurance expands in GCC as resilience takes centre stage

Notebook

Takaful on a growth trajectory in Turkiye

Middle East insurers shift beyond claim payouts to risk intelligence

View from India

The next port of call for India's maritime industry is a P&I Club

20th Anniversary

AXA Gulf acquisition transforms GIG from mere regional contender to unified MENA powerhouse

News

MENA

GCC: Population size estimated at over 62m in 2025

Middle East: AXA XL posts US$115m loss in 1H2026 for the region

MEA & India: Insurance rates fall across all lines in 2Q2026

Egypt: Qatari-controlled bank to establish non-life insurer

Jordan: Insurance Federation builds digital platform for motor underwriting

Kuwait Re maintains profitability through robust reserving and disciplined risk selection

Morocco: Insurance industry records strong 21.4% rise in net income in 2025

Morocco: Competition Council advocates motor insurance pricing reform

Oman: Insurance market reports topline expansion but softer profits in 1H2026

Oman Re reports 49% growth in 1H net profit to US$8.6m

Qatar: Central bank highlights strong 2025 profitability in insurance sector

Saudi Arabia: Saudi Re's 2Q profit soars by 118%, lifting 1H earnings

Saudi Arabia: Higher claims pressure Tawuniya's interim results

Tunisia: Reinsurer sees modest first-half growth in premiums in tough environment

Turkiye: First rules issued for loss investigators

UAE: Orient posts strong financial results for 1H2026

UAE: Miller and Shields combined unit to be rebranded Shields Miller on completion of acquisition

Global

Willis Re launches global life reinsurance practice

70% of insurers report dramatic rise in violent luxury watch thefts

El Nino could add to credit pressures for weaker sovereigns and some corporate sectors

Insurers face Nat CAT losses in 1H2026 consistent with the 21st-century average

Takaful

Egypt: Takaful operations fuel insurance industry growth

Indonesia: Hajj Ministry and Shariah insurers collaborate on pilgrimage insurance eco-system

Indonesia: Takaful insurers see investment returns turn negative in 1Q amid market weakness

Kyrgyzstan: President signs amended home insurance law introducing takaful

Malaysia leads global sukuk issuance in 1H2026

Pakistan: Regulator grants general insurer the nod for takaful window operations

Palestine: Takaful company launches IPO

Qatar: Al Khaleej Takaful posts higher first-half profit on stronger underwriting and investment income

Turkiye: Takaful market reports 13.6% real growth in contributions in 1H

Uganda: Pioneer takaful operator receives Shariah certification

Products and Alliances

Diary

People on the move

Read the latest edition of AIR and MEIR as an Interactive e-book

Egypt: Takaful operations fuel insurance industry growth

Source: Middle East Insurance Review | Sep 2026

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.

Egypt insurance improves through Takaful operations

Takaful posted strong growth rates, as contributions rose to about EGP5,590m ($109.3m) in 1Q2026, compared to about EGP4,452m during the corresponding quarter in 2025. This represented a jump of 25.6%.

Egypt’s annual urban headline inflation rates for early 2026 were 11.9% in January, 13.4% in February, and 15.2% in March, according to official data. These indicated that the takaful segment showed real growth in 1Q2026. M

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