Saudi Arabia's insurance industry faces numerous challenges after benefiting from reduced claims in the first half of the year due to the country's coronavirus-induced lockdown, says Moody's Investors Service in a report.
The contributions generated by the five takaful companies operating in the domestic market in Qatar amounted to over QAR1.29bn ($355m) in 2019, representing growth of 5.5% compared to the previous year, according to an analysis by Bait Al Mashura Finance Consultations.
A number of leaders in the insurance industry have revealed the risks of a lack of trained cadres and those with vital expertise necessary for the growth of the market.
Lloyd's is piloting a new 'first-of-its-kind' business interruption (BI) policy for small-and-medium-sized...
Insurers in Kenya have been exempted from complying with capital requirements for six months as they face...
The Saudi General Organization for Social Insurance (GOSI) has announced that it will continue to extend support for an additional three months to...