Middle East new business sales grow by 16% to GBP2.1bn ($2.8bn) as the region becomes an increasingly attractive destination for wealth and financial services, according to the "2024 Wealth Management Market Study" for Utmost Group.
MAPFRE Sigorta's regulatory solvency ratio strengthened to 132% at end-2024 from 109% at end-2023, due to an increase in shareholders' equity arising from very strong retained earnings and capital provided by the parent, MAPFRE, says Fitch Ratings.
The Insurers Federation of Egypt (IFE) has recommended supporting the digitalisation of fire insurance policies to facilitate access to insurance coverage, especially in remote areas.
Swan Re has appointed Mr Muhammad Tariq Shaikh as business development director in the UAE.