Motor insurance premiums have increased by between 10-20% since the beginning of this year, driven by the increase in the population of the UAE that brought about growth of vehicle numbers.
Among the several positive factors in the insurance markets of the Middle East, including Egypt, are increased demand for reinsurance and the desire of insurance companies to ensure sufficient capacity to meet the needs of their business, according to Ms Catherine Thomas, senior director of...
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has released its initial industry loss estimate for the 6 February Kahramanmaras Earthquake Sequence which caused widespread devastation across several regions of Turkiye and Syria.