Life insurance has evolved to become an indispensable economic and social driver and is no longer a mere financial product, amid the rapid demographic and digital transformations taking place in the Arab region, said speakers at the "Life Insurance Pricing" webinar organised by the General Arab Insurance Federation (GAIF) last week.
Composite insurance rates in the third quarter of this year decreased by 5% in the India, Middle East, and Africa (IMEA) region, at the same pace as in 2Q2025, according to Marsh's "Global Insurance Market Index" for 3Q2025. Rates in IMEA for large and complex organisations are often impacted by the reinsurance market.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Mr Henry Nelson as active underwriter, subject to regulatory approval.
The General Assembly of the Federation of Afro-Asian Insurers and Reinsurers (FAIR) has announced that the next General Conference will be held in the city of Marrakech in Morocco in 2027.
Aegist Specialty, a France-based MGA regulated by the ACPR, providing specialty underwriting across facultative and treaty, with a focus on Europe, Middle East and Africa, announced the appointment of Mr Samir Hemsi as CEO, effective October 2025. He will be based in Paris.
Lockton has expanded its new claims consultancy services (CCS) practice in MENA.
The Arab Actuarial League (AAL) has established working groups to tackle challenges facing the compilation of mortality tables for Arab countries.
Market conditions present challenges and opportunities for reinsurers domiciled in the Middle East and North Africa (MENA) region, according to a new AM Best report.
Despite geopolitical challenges and tough business environment, the majority of insurance CEOs and top executives in MENA are optimistic about the future of business and potential growth in the region over the next three to five years, according to the findings of a survey conducted by Saudi Reinsurance Company (Saudi Re).
Pockets of growth continue to emerge in several Arab insurance markets, providing players with opportunities to expand their business despite geopolitical challenges. However, more needs to be done to ensure long-term sustainable development.