The growing importance of actuarial sciences is steering insurance markets in the region to nurture actuarial talent, especially with the lack of sufficient capacity in the field, said speakers at the Arab Actuarial Conference 2025, held in Algeria last week.
The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen's Houthis attacked and sank two ships, killing at least four seafarers after months of calm, Reuters has reported, citing industry sources.
The Middle East and Africa (MEA) were among the emerging insurance markets (excluding China) that exhibited above-trend growth in 2024, according to Swiss Re Institute (SRI) in a report on global insurance developments.
Proportional treaties continued to dominate the property reinsurance market in the Middle East during the 1 July renewal season, according to broker Gallagher Re.
Paris-headquartered Global trade credit risk management company, Coface, has announced the closing of its acquisition of Cedar Rose Group, an information services provider in the Middle East.
The adoption of deal insurance continues to accelerate as acquirers (and vendors) race to offset risk in an increasingly uncertain dealmaking environment, according to a survey commissioned by the global law firm Norton Rose Fulbright.
Employees in the Middle East are worried about their health, with half of respondents to a survey saying that they feel stressed in everyday life.
The risk of regional escalation in the Israel-Iran war includes the risk that the conflict poses one of the most critical arteries of global commerce: the Strait of Hormuz.
Middle East and Africa (MEA) registered modest growth in the wealth of high-net-worth individuals (HNWI) in 2024, gaining 0.9% and 4.7% respectively, according to Capgemini Research Institute's "World Wealth Report 2025 - Sail The Great Wealth Transfer".
The energy sector in the Middle East is balancing historic dominance in fossil fuels with the shift to renewable clean energy, said the global head of downstream broking, Natural Resources, at WTW, Mr Andrew Brunero, in a report.