To accommodate rising demand, capacity in the structured credit and political risk (SCPR) insurance market has grown, with more insurers capable of writing long-term risks than ever before, says Gallagher, one of the world's leading insurance brokerage, risk management and consulting firms.
The maritime security landscape in the Middle East has entered a new phase of volatility, with amplified risks for commercial vessels operating in arterial shipping lanes.
ATOM Insurance, part of the else Group, a leading provider of end-to-end insurance platform solutions, has announced a strategic partnership with Datafolio, which engages in data-driven shared-mobility insurance technology.
Corporate Risk Management Institute (CRMI), the educational arm of Chedid Capital, a leading insurance and reinsurance investment group, has been awarded Approved Professional Development Centre (APCD) accreditation by the reputed UK-headquartered Chartered Insurance Institute (CII).
AI and AI regulation will continue play an important role in the Middle East's insurance sector, according to Norton Rose Fulbright's report, titled 'Insurance Foresight 2025'.
London-headquartered Africa Specialty Risks (ASR), the African and Middle East focused (re)insurance group, has announced that its Middle Eastern and Mauritian subsidiaries, Africa Specialty Risks Mauritius and ASR Middle East, have sealed binding authority agreements with Eureka Re, a multinational reinsurer.
The geographically diversified operations of Arabia Insurance Company (AIC) across the Middle East partially shields the group from the very high political, economic and financial system risks in Lebanon, said AM Best.
Cairo is perceived as the most equipped to handle climate risks among 10 cities surveyed, with over a third of respondents (37%) rating it as "very prepared", according to a new report by Economist Impact.
Sustainable bond issuance in the Middle East is down from the same period a year earlier, and could require acceleration in implementing net zero polices to really take off, despite government initiatives and increasing alignment with sustainability strategies, or even regulatory requirement, according to a report released yesterday by S&P Global Ratings.
Saudi Arabia-based AMAN Union, the leading professional forum for commercial and non-commercial risk insurers and reinsurers, has signed a corporate training services agreement with UAE-based RISC Institute DMCC, a regional training institution specialising in talent development for the insurance, risk management, personal finance sectors.