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News Snippets
Fundamental appeal of ME reinsurance sector unshaken by geopolitical tensions
Investment portfolios pose main risk channel for takaful sector amid regional conflict
MENA sovereign ratings resilient despite regional war
Saudi Arabia
Saudi insurance market scales capacity and strengthens capital for Vision 2030
Infrastructure drives P&C branch, while motor performance improves
NEVs, connected cars and the road ahead for motor insurance
Health insurance grows on coverage expansion and long-term market-development goals
Egypt
Egypt's insurance industry plans to translate rapid growth into long-term market depth
AXA Egypt bridges the trust gap in the life market by going beyond policy numbers
Special Feature
Middle East 2027 renewals: Capital discipline, weather events and giga-projects redefine reinsurance
Secondary perils cause primary impact
TCIP: Building resilience through partnership, preparedness and long-term commitment
Saudi Insurers are scaling AI for Vision 2030
AI reshapes the architecture of MENA insurance
Hybrid approach envisaged for insurers navigating AI's next phase
MENA moving beyond AI experimentation to AI transformation
MEICO exits MTPL market to focus on diversification and digitalisation
P&I market steers through Gulf geopolitical and maritime risks
MENA credit risk insurance market gains momentum
GAIF: Call to return to core principles to leverage Arab insurance opportunities
Sub-Saharan Africa's reinsurance market posts strong returns but faces capacity constraints
Insurance brokers air concerns over proposed reforms on commissions
MENA reinsurance grows in a more complex risk landscape
MENA
Algeria's 2027 Budget proposal paves way for independent insurance regulator
Egypt sets new underwriting and pricing rules for credit & guarantee insurance
Jordan: Central Bank announces new initiatives for online insurance
Kuwaiti insurance market driven by underwriting in 1H2026
Libya: Insurance federation collaborates with largest Tunisian insurer on capability building
Morocco: Intermediaries pursue new revenue sources
Saudi Arabia: Regulator reviews motor insurance pricing system
Tunisia: Motorcycle insurance business surges on expanded engine capacity rules
Turkiye: Regulator clarifies scope of fire insurance policies
UAE health resilience remains strong though stress affects 82% of residents
Global
Capacity and intense competition continue to drive broad rate declines in global insurance markets
Distinctive trends observed in 4 African InsurTech hubs
Takaful
Global takaful sector expected to grow at moderate pace
Global: IFSB issues revised takaful risk management draft
Ethiopia: Non-life insurer launches takaful window
Kuwait: First Takaful's financial performance boosted by investment results
Kuwait: Zamzam Takaful expected to maintain underwriting profitability
Kazakhstan to expand opportunities for Islamic insurance
UAE: Orient Insurance to open takaful window
UAE: SALAMA partners with Ajman Bank to offer property takaful
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SPECIALTY INSURANCE
As financial institutions across the Middle East and North Africa expand lending, trade finance and infrastructure financing activities, credit risk insurance is growing in importance.
For some time, regional economies have actively pursued the diversification of their economic and investment policies to reduce their reliance on oil. They have made significant strides in this direction, registering remarkable growth across non-oil...
Geopolitical tensions in the Middle East have not changed the fundamental attraction of the region as a long-term reinsurance market, according to Swiss Re’s P&C Market Head, Mediterranean & Middle East, Mr Rafael Schneider.
The Middle East conflict demonstrates the takaful sector’s limited direct underwriting exposure to geopolitical events, said Mohammed Ali Londe, VP and Senior Analyst at Moody’s Ratings.
Sovereign ratings in the Middle East and North Africa (MENA) have been resilient to the US-Iran war, with higher oil prices, reviving oil exports and large buffers supporting sovereign credit profiles, Fitch Ratings says.
Insurance premiums in Saudi Arabia are expected to double over the next five years. The sector expects a boost with the implementation of the National Insurance Sector Strategy, unveiled in January 2026. However, rising claims costs, pressure on...
Motor and Property & Casualty are two broad categories in Saudi Arabia’s insurance market. This article looks at the performance of the motor and P&C branches.
The motor insurance portfolio is currently undergoing a broader transformation in Saudi Arabia, with insurers increasingly turning to AI, data, telematics, and digital claims technologies to improve efficiency, manage costs, and meet changing...
Egypt is among the fastest growing Arab insurance markets, with gross written premiums surging to $2.74bn in 2025 from $1,75bn in 2024. Insurers Federation of Egypt Chairman Mr Alaa El-Zoheiry shares his insights into developments in the Egyptian...
Growing Egypt’s life insurance market will depend on making coverage more affordable, expanding distribution and building consumer trust.
With abundant global capital testing market discipline, reinsurers in the Middle East must balance aggressive infrastructure growth and new asset classes against systemic cyber risks, supply chain inflation, and climate-driven secondary perils, says...
Natural perils such as flash floods and wildfires, long regarded as secondary risks, are no longer back-burner concerns. They currently account for up to two thirds of annual insured losses, and have rippled through to reinsurers, with Swiss...
The Turkish Catastrophe Insurance Pool (TCIP) has developed into a mature catastrophe financing mechanism that combines public policy objectives with private sector expertise, according to Turk Reasurans, the Technical Manager of the pool.
The Saudi Arabian insurance industry is rapidly shifting from AI pilots to actively deploying the technology. Companies that build strong data foundations today will be those who scale AI successfully, says Bupa Arabia’s Acting CTO, Mr Zaid Al...
Unlocking the transformative power of AI in MENA insurance could lie in hybrid approaches between third-party vendor partnerships and in-house proprietary models.
Middle East Insurance Company (MEICO) recently withdrew from writing motor third-party liability insurance business. MEICO General Manager Engineer Majed Smairat provides the company’s rationale for this move and outlines the company’s...
As geopolitical friction, sanctions, cyber threats, and climate risks redefine Gulf shipping, GIG Group COO Farid Saber outlines why technical expertise and tailored risk management—not just capital capacity—will help P&I insurers...
Arab insurance leaders at the 35th General Conference of the General Arab Insurance Federation (GAIF) made a collective call to return to core values, embrace digital innovation and bolster regional cooperation in an increasingly complex risk...
Double-digit returns and robust underwriting profits showcase the strength of Sub-Sahara African reinsurers, yet reliance on global players for large risks underscores local capacity constraints.
The Insurance Regulatory and Development Authority of India recently released a consultation paper, “Recalibrating Economics of Insurance Distribution”, with proposals that cover major industry issues, including distributor remuneration...
In conjunction with the 20th anniversary of Middle East Insurance Review, we bring to you retrospective stories, highlighting momentous events during the past 20 years that have shaped the MENA risk landscape. In our 11th retrospective piece, we...
The Finance Law 2027, approved by the Council of Ministers, proposes establishing a new independent authority to be called the Insurance Regulatory and Supervisory Authority.
The Financial Regulatory Authority (FRA) has issued rules for underwriting and pricing in credit and guarantee insurance policies.
The Central Bank of Jordan is developing regulatory frameworks to license digital insurance platforms, and updating the legal framework governing online insurance operations, said its Governor, Dr Adel Sharkas.