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Magazine

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

Aug 2026

August-Home

Editor's Letter

War, uncertainty and other matters ...

Middle East conflict

Insurers brace for more uncertainty on renewed US-Iran military hostilities

Persistent blockade of Hormuz Strait would trigger severe macro scenarios - Swiss Re Institute

Strait of Hormuz remains insurable

Malaysia: Protracted ME conflict could lead to underinsurance

Gulf remains a magnet for global wealth despite tensions

Core expectations for global credit under pressure but remain unshaken

ME conflict exposes existing gap in risk management

Too many organisations too often manage risk in silos

Market Profile

Türkiye

Turkiye's insurers seek technical profitability amid inflation

Takaful growth accelerates as Turkiye pushes to join leading Islamic finance markets

Underwriting the unknown: Milli Re outlines strategy for a volatile ME market

Turkiye's casco insurers navigate inflation and intense competition

Embedded insurance serves as catalyst for expanding protection

Data-driven and people-centred approach central to evolving L&H market

Turkiye eyes top-10 global spot and regional leadership in insurance

Political risk insurance

Political violence insurers adapt to 'gray zone' threats as geopolitical risks reshape underwriting

The Maghreb's evolving political risks drive demand for broader business resilience solutions

Standalone PV cover rises from remote choice to risk priority in Middle East

View from Africa - Political risk insurance in Africa: A market at an inflection point

Insurance

General

NAT CAT risks highlight protection gap among homeowners and SMEs

From business risk to fiduciary breach: D&O liability in unstable regions

View from India

Insurers can build real consumer trust beyond screening viral ads

20th Anniversary

From reform to regional leadership: Saudi Arabia's Insurance Authority comes of age

News

MENA

Middle East: 1 July renewal rates drop 10-15% as focus stays on reinsurance continuity

Algeria to combat wildfires with high tech as alert hits max level

Bahrain: AWRIS shows strong 2025 growth driven by higher premiums and investment returns

Egypt: Insurance federation urges alignment with national strategy to drive growth

Jordan: Insurers review central bank's proposed solvency reforms

Kuwait: Insurance industry shrinks 12% in FY2026 with the end of Afia health plan

Morocco: Insurance Federation studies ways to increase professional expertise

Palestine: Insurance federation drives industry modernisation

Saudi Arabia: Shura Council urges insurance regulator to improve elderly coverage and address market gaps

Tunisia: Labour union calls for insurance and protection for gig workers

Turkiye: Police bust US$4.3m motor insurance fraud ring

UAE: Dental market lacks pricing transparency and quote logic, report finds

Global

Insurers mitigate silent cyber risk by increasingly providing explicit standalone policies

Motives for buying cyber insurance highlight its growing relevance in private lives

Takaful

Algeria: Takaful business surges in 1Q2026

Kuwait: Wethaq Takaful clinches Moody's rating upgrade as pressure on capital eases

Kuwait: First Takaful Insurance receives Moody's rating on asset quality

Kyrgyzstan: National insurer shares experience in takaful

Malaysia: General takaful leads industry growth with 12.38% jump, outpacing family segment

Saudi Arabia: Al Rajhi Takaful doubles share capital

Turkiye to establish itself as a regional takaful centre

Products and Alliances

Diary

People on the move

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

Turkiye: Police bust US$4.3m motor insurance fraud ring

Source: Middle East Insurance Review | Aug 2026

Turkish authorities have busted an Izmir-based criminal organisation, which is alleged to have defrauded insurance companies of approximately TRY200m ($4.3m) by staging fake traffic accidents.

The criminal syndicate operated in five provinces, with a lawyer among its ringleaders, according to media reports.

A total of 240 suspects have been identified in the case, with arrest warrants issued for at least 62 individuals so far, whose involvement in the fraud has been confirmed. Efforts to apprehend suspects are reportedly ongoing. M

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