Palestine: Insurance federation drives industry modernisation
Source: Middle East Insurance Review | Aug 2026
The Palestinian Insurance Federation (PIF) has outlined its ongoing developmental initiatives and the enhancement of its role in representing Palestinian insurance companies, in a comprehensive review of its work in 2025.
Among its various efforts, the PIF placed special emphasis on supporting electronic payments in the insurance sector, in keeping pace with financial and technological developments, contributing to enhancing operational efficiency, improving cash flow for member companies, and reducing the risks associated with cash transactions, reported Sada News Agency.
Beyond operational matters, the federation advanced several legislative and regulatory initiatives in coordination with the Capital Market Authority and relevant entities, including proposals that covered compulsory vehicle insurance and the draft insurance law.
The PIF also completed the establishment of its internal systems, a move aimed at institutionalising its work, embedding the principles of governance and transparency, and elevating the federation’s performance. M