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Magazine

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

Jan 2026

Middle East Insurance Industry Awards - Winners' insights

GIG Insurance Group - Jordan - Winner of General Insurance Company of the Year

Cigna Healthcare Middle East and Africa (MEA) - Winner of Health Insurance Company of the Year

ReTech Reinsurance Brokers Co. - Winner of InsurTech of the Year

SHIELDS Reinsurance Brokers Co. - Winner of Reinsurance Broker of the Year

Market Profile

Qatar

Qatar's insurance industry grows at steady pace

Qatar's next UK insurance play

Takaful market boom in 2025 set to continue in 2026

Saudi Arabia

Untapped potential in Saudi Arabia's health insurance market

Saudi reinsurance market embraces capacity expansion

Transforming reinsurance through transparency and technology

Expanding P&C insurance business is a strategic priority

Life & savings offers strong upside for insurers despite 2025 challenges

Saudi Arabia's insurance sector looks to leapfrog digitally

Market spotlight

Bahrain

Bahrain's insurers eye mandatory health insurance to drive next growth phase

Specialised broker expertise gains ground

Outlook 2026

Unlocking MENA's insurance growth in 2026: Why digitalisation and penetration

UAE insurance market set for double-digit growth in 2026

GCC insurance market poised for another year of double-digit growth in 2026

Technology and sustainability: the keys to growth for ME (re)insurers in 2026

Insurance

General

Loss prevention moves to the fore as Middle East insurers rethink risk

Growing EV market powers the next phase of motor insurance in the UAE

Microinsurers urged to adopt digital solutions to overcome penetration hurdles

View from India

Rising air pollution needs insurers to get proactive

Brokers key to realising 'Insurance-for-All' vision by 2047

View from Africa

How AfrexInsure is strengthening the risk mitigation foundations of African trade

Notebook

UAE: Callidus looks ahead to next phase of growth

Anniversary

MEIR's 20th Anniversary-A glimpse through history

News

MENA

Algeria: State-owned reinsurer increases its share capital to US$308m

GCC: Listed insurers post steady 9M2025 profits even as Saudi market softens

Egypt: IFE issues eight recommendations for responsible AI use

Kuwait: GIG net profit hits US$46.5m in first nine months of 2025

Morocco: House of representatives overhauls law to modernise auto accident compensation system

Morocco: Insurance sector moves ahead with nationwide multi-channel premium payment system

Oman: Insurance industry moves to unify motor claims processes

Qatar: Doha Insurance set to branch out to Saudi Arabia

Saudi Arabia: Saudi Re's outlook revised to reflect strong revenue growth

Syria: Insurance federations dissolved as part of strategy to reform insurance industry

Tunisia: BUAT disburses US$1.56m motor insurance payouts in 1H2025

Turkiye: Insurance body calls for shift from family-based to institutional long-term care model

UAE: Abu Dhabi launches FinTech, insurance, digital and alternative assets cluster

Global

India: Parliament greenlights 100% FDI in insurance in 'Big Bang' reform

ASEAN: Why cooperation, reinsurance and regional pools matter

AIG forms Lloyd's syndicate with strategic partners Amwins and Blackstone

FSD Africa announces US$30m venture fund to accelerate insurance innovation

Innovative climate insurance products help boards ensure business resilience

Takaful

Africa: ICIEC inducts Sierra Leone as 51st member country, expanding takaful reach

Bahrain: Kuwaiti takaful company receives branch licence

Bangladesh: Textile Mills Association signs agreement for group takaful coverage

Indonesia: Financial think tank proposes takaful development strategies

Indonesia: Plans for spin-offs of 29 Shariah insurance units

Kuwait: Boubyan Takaful Insurance's capitalisation remains strong

Pakistan: Family takaful company's IPO subscribed by 3.2 times

Uganda: Regulator unveils takaful rules, issues first Shariah insurance licence

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

Kuwait: GIG net profit hits US$46.5m in first nine months of 2025

Source: Middle East Insurance Review | Jan 2026

Gulf Insurance Group (GIG) reported a net insurance result of KWD11.6m ($37.9m) for the first nine months of 2025, down from KWD24.9m in the same period last year.

Net investment income rose slightly to KWD44.1m compared to KWD43.7m in 2024.

Overall net profit stood at KWD14.2m, equivalent to earnings per share of 41.71 fils ($0.137), compared with KWD22.1m or 69.62 fils per share for the same period last year.

Insurance revenue for the nine months totalled KWD540.2m, down from KWD678.6m previously. M

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