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Magazine

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

May 2025

May-Home

Editor's Letter

How to make friends and influence people

Market Profile

Jordan

Onward and upward

The road to renewal and growth

Adaptability crucial in Jordan's dynamic (re)insurance broking landscape

Building tomorrow's solutions

Jordan's health and medical insurance get future-ready

Climate-smart, inclusive insurance for Jordan

Takaful

InsurTechs are revitalising the UAE's takaful business

Momentum and market realities in takaful

Pakistan takaful growth: Micro, mobile and customer centric

A continuing quest for awareness and scale in takaful

Indonesia: How parametric takaful protects coffee farmers

Testbeds for successful takaful spread in South Asia

Market spotlight

Algeria

Algeria's national reinsurer pushes for modernisation

Algeria ramps up insurance ambitions for 2025

Insurance

General

Liva Group: Merger gains and future focus

Qualifications and CPD: Vital for securing and retaining talent in the GCC

View from India: Upswing in M&A activity in insurance and broking markets to continue

MENA war risks: Higher costs, tighter terms

Life & health

UAE healthcare: AI and impact on efficiency and cost management

Is telemedicine losing its sheen?

Saudi Arabia

Rethinking the future of health insurance in Saudi Arabia

Notebook

Insurance implications loom amid economic uncertainty

Trump tariffs unleash uncertainty in GCC

News

MENA

MENA: GIG's net profits jump by 22% to US$84m in 2024

MENA: Rising maritime threats after ceasefire fails

GCC: Listed insurers post US$1.2bn profit in FY2024, despite setbacks

GCC: Sukuk market set for ongoing global growth in 2025

Algeria: Insurance market set for growth and foreign investment

Bahrain: Upper house proposes mandatory medical liability insurance

Bahrain: Solidarity Bahrain secures Central Bank approval to acquire Bahrain national units

Egypt: Market GWP surges 39% in January 2025

Jordan: MTPL hike to boost premiums

Kuwait: Infrastructure projects remain an important growth driver

Morocco: Regulator unveils initiative to drive insurance digitalisation

Nigeria: Lower house of Parliament passes insurance reform bill

Qatar: Insurance Committee holds first meeting of 2025 to set direction

Tunisia: Insurance market grows by almost 11% in 2024

Tunisia: Tunisia becomes 25th member of ATIDI

Türkiye: Premiums in insurance market expected to rise by 35-40% in 2025

Zimbabwe: Regulator suggests policyholders' fund and enhanced supervisory powers in Bill Amendment

Global

Global: Top 25 global insurers' market value up 17% in 1Q2025

Global reinsurers well-positioned to face investment volatility and Nat CATs

Global: Soaring civil unrest and protest activity concerns insurers

Global: Four regional risk pools sign landmark joint grant agreement

US: Tariff uncertainty is potentially credit-negative for insurers

Takaful

Indonesia: Zurich unit promotes parametric takaful through traditional and digital channels

Malaysia: Takaful market makes record payout of US$2.3bn in 2024

UAE: Takaful Emarat turns profitable on revenue growth and higher investment income

Global: Resilient growth for Islamic finance in 2025-2026 despite headwinds

Product and Alliances

Products and alliances

Diary

People on the move

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

Magazine Table of Contents

News

Mena News - Turkey's Isvicre Sigorta Acquired by German Giant

Source: Middle East Insurance Review | Sep 2006

Istanbul-based Isvicre, reportedly the fifth biggest property and accident insurer in Turkey, has a new shareholder, Ergo Insurance.

Ergo, the direct insurance arm of the German reinsurance group, Munich Re, purchased 75% of Isvicre from the Balci family which continues to hold 25% of the Turkish insurer.

In 2005, Isvicre’s premium revenue stood at about 290m euros (US$369.82 million), nearly 90% of which was from property and accident insurance.

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