Islamic insurance remained broadly stable in 2025, with solvency ratios generally within regulatory requirements across jurisdictions, according to the "Islamic Financial Stability Report 2026" released by the Islamic Financial Services Board (IFSB).
Lockton Sime Malaysia has appointed Mr Siva Thangavelu as COO. He brings more than 20 years of financial services experience across banking and insurance to the role.
The takaful subsidiaries of Malaysia's reinsurance and retakaful group, MNRB -- Takaful Ikhlas General and Takaful Ikhlas Family, collectively known as Takaful IKHLAS -- recorded a combined profit after tax to MYR108.8m ($27.4m) in the financial year ended 31 March 2026 (FY2026).
Saudi Arabian Cooperative Insurance Company (SAICO) has appointed Mr Khalid Ali Ballow as Acting CEO, effective 21 May 2026, according to a bourse filing on the Saudi Stock Exchange (Tadawul).
The operating performance of Qatar Islamic Insurance Group (QIIG) is strong, says AM Best, which expects profitability to remain broadly consistent with 2025 results over the medium term, supported by strong underwriting profitability and moderate investment returns.
Islamic Arab Insurance Company (Salama), one of the world's largest and longest-established composite takaful companies, has announced a landmark set of 1Q2026 financial results, marking a major milestone in the Group's transformation and recovery journey.
Kuwait-based KIB Takaful has shown a profitable financial performance, as evidenced by a three-year average net income return on equity of 8%, and mainly driven by good underwriting returns, says Fitch Ratings.
The Financial Regulatory Authority (FRA) has issued a decision regarding the rules, standards and controls for companies licensed to practice takaful business, in a step aimed at stimulating the Egyptian market and improving operational efficiency.
The first-quarter financial results of insurance companies in Saudi Arabia signal an early but cautious recovery from the widespread pressures observed throughout 2025, according to BADRI management consultancy, an international actuarial and risk consultancy.
Sukoon Insurance, one of the biggest insurers in the UAE, has chalked up profit before tax of AED141.7m ($38.6m) in the first quarter of this year, a 24% jump year-on-year, driven by an improved operational performance and a prudent income-focused investment portfolio.