In a recent report by Gulf Business, Zurich International Life Middle East CEO Mufazzal Kajiji, discussed the rapid evolution of the Middle East insurance sector and its promising future. Mr Kajiji highlighted the crucial role of customer centricity, digital transformation and regulatory advancements in shaping the trajectory of the industry.
The MEA region is poised for economic and (re)insurance market growth in 2025, driven by diversification efforts, infrastructure investments and rising demand for insurance and reinsurance solutions, according to a report released by Gallagher on the Middle East and Africa regional markets.
The Corporate Risk Management Institute - L'Académie de la Gouvernance et la Gestion des Risques (CRMI-A2GR), the educational arm of Chedid Capital, has formed a strategic partnership with MBS School of Business, a leading French business school. The collaboration is designed to address the unique risk challenges and economic dynamics of the Middle East and Africa (MEA) region by equipping decision-makers with the tools necessary to manage risk and drive effective governance.
Reinsurers, including Swiss Re have become more willing to provide cover for the Middle East in the industry's January policy renewal season, removing a clause which allowed them to pull out if the Gaza conflict escalated, according to Reuters.
The outlook for credit fundamentals for sovereigns in the Middle East and North Africa (MENA) remains stable, said Moody's Ratings in a new report.
Africa Specialty Risks (ASR), the Africa and Middle East focused (re)insurance group, announces the launch of the first Africa Focused Lloyd's Consortium.
Orient Group, the UAE's biggest insurer in terms of insurance income and profits, is on an expansion drive that includes opening new branches in the Gulf and Middle East countries and abroad, according to Mr Omer Elamin, president of Orient Group and chairman of Orient Takaful Insurance Egypt.
Tawuniya, one of the biggest insurers in Saudi Arabia, has launched an innovative, intensive 12-week virtual accelerator programme - InsurAi - to nurture technology startups across the Middle East and North Africa.
The Saudi insurance market continues to grow strongly in the first nine months of 2024 (9M2024), but performance remains mixed by lines of business, notes Badri Management Consultancy which specialises in actuarial services.
Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, has entered into several agreements at the AMAN Union's 14th Annual General Meeting in Algiers held on 1-3 December.