Saudi Arabia is exploring establishing a state-backed war risk insurance programme to reduce insurance costs for ships and cargo as risks escalate in the region.
Insurance companies in the UAE posted a combined profit of AED4.0bn ($1.09bn) in 2025, 53.8% higher than AED2.6bn in 2024, according to the Central Bank of the UAE (CBUAE).
International wealth insurance sales in the Middle East rose to GBP3.0bn ($4.09bn) from GBP2.4bn - a CAGR of 10.4% between 2023 and 2025, according to a report by Utmost, a global provider of insurance-based wealth solutions.
Sukoon Insurance has announced the upcoming launch of its advanced Agentic AI Solution for First Notice of Loss (FNOL), a major technological milestone designed to transform the claims processing experience for its customers. This deployment will drastically reduce wait times and streamline claim...