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Middle East tag returned 286 results

  • MENA: Arab Monetary Fund outlines what insurers have to do to expand market

    The Arab Monetary Fund (AMF) revealed that the insurance sector in the Arab region has witnessed growth in recent years in line with the region's economic development that boosts the need for insurance services.

    Middle East | 12 Oct 2021
  • MENA: Willis Re launches first of its kind flood model for the region

    Willis Re has launched a new flood model for the Middle East and North Africa (MENA) region. It is the first of its kind to be developed for the region, enabling (re)insurers to quantify their flood risk using a catastrophe model, says the reinsurance broker in a statement.

    Middle East | 03 Oct 2021
  • Middle East: Kuwait Insurance Co to venture abroad, starting in Egypt

    Kuwait Insurance Company (KIC) aims to transform itself into a regional insurer through expansion, starting in Egypt where it is preparing to establish a life insurer.

    Middle East | 28 Sep 2021
  • Egypt: Mr Alaa El-Zoheiry is FAIR president for the next 2 years

    Mr Alaa El-Zoheiry, chairman of the Insurance Federation of Egypt and managing director of the insurer gig-Egypt, has assumed the presidency of the Federation of Afro-Asian Insurers and Reinsurers (FAIR).

    Middle East | 26 Sep 2021
  • UAE: Lloyd's broker expands office

    Tysers, a Lloyd's broker, is expanding its presence in Dubai to meet the growing demand for insurance expertise in the Middle East. The expansion forms part of Tysers' wider strategy to seize growth opportunities in international markets, bringing local expertise and the support of an established global broker to underserved market segments.

    Middle East | 14 Sep 2021
  • Middle East: FPI launches new ESG fund range

    Friends Provident International, an international life company with a strong presence in the Middle East and a regional office regulated by the Central Bank of the UAE, has launched a new Environmental, Social and Governance (ESG) fund range for those who want to invest in a more responsible way.

    Middle East | 14 Sep 2021
  • Kuwait: GIG to increase revenue by US$1bn following deal with AXA

    Gulf Insurance Group (GIG) has said that its acquisition of the entire shares of AXA Gulf represents part of the group's strategy to increase revenues and expand in the Arab region.

    Middle East | 13 Sep 2021
  • GAIF: 33rd General Conference further postponed to 2022

    The General Arab Insurance Federation (GAIF) has announced that its next General Conference is to be postponed to 2022, after considering the COVID-19 situation and the need to take precautionary measures.

    Middle East | 01 Sep 2021
  • 44 highly competitive entities & personalities shortlisted for 8th Middle East Insurance Industry Awards

    The insurance sector in the MENA region has excelled itself once again - as a total of 44 insurers, brokers, risk managers, service providers, and industry leaders emerge as the finalists in the 8th Middle East Insurance Industry Awards (MIIA).

    Middle East | 19 Aug 2021
  • MENA: gig's 1H net profit jumps by 20%

    Gulf Insurance Group (gig), one of the largest insurance groups in the Middle East and North Africa, has announced a net profit of KWD11.8m ($39.2m), for the first half of 2021, an increase of 19.6% over the corresponding half of last year.

    Middle East | 16 Aug 2021