Arab Reinsurance Company: a new dimension

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The Central Bank achieves the target number of appointments - Global marine insurance premiums rose by 6.4% between 2020 and 2021 - Non-life insurance market in the Middle East: 2021 premiums by country - 2021 Algeria insurance market: Turnover by branch - AM Best downgrades credit ratings of Milli Re - Turkey: 3rd FAIR Reinsurance Forum - Jordan: Joint meeting between JOIF and the Central Bank of Jordan - Wafa Assurance: Badreddine Belghiti at the head of the Assurance des entreprises pole - Insurance partnership between KSA and UAE - Algeria: SAA obtains ISO 9001 version 2015 certification - UAE: Emirati insurance market large enough to have its own major reinsurer - Oman: Govt to roll out compulsory private health insurance in phases in 2023 - Oman: OMR 723.2m, total investments of insurance companies - Jordan - Takaful tackled in the Arab Thought Forum - Underwriting margins to improve in 2022 and retrocession use remains steady: S&P - French re/insurers face unprecedented nat cat losses: Fitch - Lebanon - AM Best affirms rating of Arab Reinsurance Co. - M&A’s in insurance: main mega-deals concluded in 2021 and early 2022 - UAE listed insurance companies’ performance - Saudi Arabia - Bringing health insurance into the future - Tunis - Departure of Mr Abderrahmen Fatmi, former Director of Insurance at the Ministry of Finance - Jordan statistics - Growth in life in Egypt - Insurance: M&As witness the strongest growth since 10 years - Jordan - For the first time in the history of JOIF… Aqaba Conference to be held for the 2nd year - Jordan – Election of the Executive Committee (Fire, General Accident and Engineering) - UAE: Written premiums rise by 8% during the first half of 2022 - Egypt - Bulletin of the Insurance Federation of Egypt no 253 - Lebanon: Latest report of the Insurance Commission - Egypt: 2021 ranking of insurance companies in Egypt - Change in the top 10 reinsurers in 2021 - Bahrain: CBB directs all insurance companies - Egypt: "Suez Canal Insurance" records EGP1.3bn - 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SCR: Fitch Ratings confirms AAA rating with stable outlook - UAE: Conventional insurance business outpaces takaful in premium and profit growth in 1H - Best’s Market Segment Report: Reinsurers See More Stable and Improved Results - Intense competition will continue to weight on Islamic insurers’ earnings: S&P - Insurance premiums jump to $7 trillion and inflation reduces results - UAE: 5 most profitable insurers capture 86% of combined profits of listed insurers - Saudi Arabia: Kingdom's sole reinsurer shows improved technical results for 1H - MENA: GAIF outlines scenarios for the development of the Arab insurance market - GCC: Takaful sector's net earnings expected to remain modest in 2022-2023 - Reinsurance: Canada Life Re is the 1st life reinsurer to be among world's top 4 reinsurers - Turkiye: Over 9m residential properties lack quake insurance - Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2 - London Workers Could Save Money by Returning to Offices as Bills Soar: Research - 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Gallagher & Co. Acquires UK Risk Management Consultant, Another Day - Central Bank of Ireland launches climate change risk guidance for insurance sector - Egypt: Life insurers to start using first set of local actuarial life tables in Oct - Malaysia to Offer Crop Insurance to Strengthen Food Security - Berkshire Hathaway reports strong Q2 2022 P&C reinsurance result - Lebanon: Non-life & life insurance sectors face several constraints - Saudi Arabia: Health insurer posts 16% fall in pre-zakat net profit to US$114m in 1H2022 - Global insurance premium volumes to reach new high in 2022 - Aon’s Reinsurance Solutions names WTW’s Becky Allison as COO of STG - South Africa: Central bank says insurers need to strengthen risk management - India: Regulator consolidates and updates anti-money laundering guidelines for insurers - Global Insurtech Investment Down 50% in Q2: Gallagher Re - London Insurance Sector Readies $50M Ukraine Grain Cargo Cover - Swiss Re launches catastrophe bond focused investment adviser - 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IAG reports rise in net profits - Reinsurers need to rebuild confidence: Ariel Re CEO - Morocco: Insurance sector returns to pre-COVID levels - Egypt: Russia-Ukraine war affects tourism-related insurance business - Ukraine, Russia Sign Deal to Reopen Grain Export Ports While War Continues to Rage - Allianz Notes Rising Business Interruption Costs in Global Claims Report - Beazley’s H1 profit falls on investment losses as underwriting performance improves - Egypt: Insurers eager to invest more in digital technology - OS Climate Launches Tools to Help Firms, Investors Make Climate-Friendly Decisions - Guy Carpenter sees 9% revenue growth in Q2 as Marsh McLennan reports ‘another strong quarter’ - AM Best highlights Lloyd’s improved combined ratio in recent assessment - Africa: Several markets show robust real growth in premium income in 2021 - Insurers Want Safety Assurances Before Covering Ships Sailing in Ukraine Grain Corridor - Global insured losses from catastrophes above average at $39bn in H1 2022: Aon - Egypt: Insurance federation and regulator to develop sustainable insurance strategy - Saudi Arabia: SAMA data show net loss of over US$40m for insurers in 1Q - Saudi Arabia: SAMA issues model professional liability insurance policy for auditors - Oman: Regulator aims to improve health insurance claims handling - Swiss Re names Verisk’s Latarche as Chief Commercial Officer, Reinsurance Solutions - UK Regulator Pushes Insurers to Cut Premiums for Fire-Risk Apartments - GAIF 12th Webinar - UK Regulator May Lack Bandwidth to Push Post-Brexit Competitiveness: Policymaker - Top US P&C underwriters saw robust premium growth in 2021 - Saudi Arabia: Insurance Symposium to take place next September - China’s Tough COVID Policy Still Drags on Economy - ANZ Agrees to Buy Australian Insurer Suncorp’s Bank Operations for $3.3 Billion - AXA to sell a closed life & pensions insurance portfolio to Athora Germany - Turkiye: Call for support for insurance agencies - Allianz Aims to Grow Global Program Business with New Multinational Team - 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Johnson & Co. - Allianz Transfers Legacy Life Portfolio to Resolution Re, Using Quota Share Reinsurance - Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P - Willis Re Launches Flood Model for MENA Region - UK Financial Services Sector Calls for Eased Visa Requirements to Keep Competitiveness - Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion - Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources - UN Launches Disaster Insurance Program for Developing Countries - Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage - Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters

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KSA - Ministry of Hajj says pilgrims enjoy comprehensive ins.

Saturday, 01 04 2020, Category: Insurance and Reinsurance, Country: Saudi Arabia

Saudi Arabia’s Ministry of Hajj and Umrah started on Jan. 1, 2020 applying the comprehensive insurance plan to Umrah performers during their visit to the Kingdom, Ayman Arfaj, general supervisor of the media center at the ministry, said in a statement.

The insurance coverage will be linked to visitor visas, and the relevant policy will become effective upon the arrival of Umrah performers at the Kingdom.

Aa of Jan. 1, a total of 8,452 policies were issued to Umrah pilgrims by The Company for Cooperative Insurance (Tawuniya), he concluded.

Tawuniya on Dec. 11, 2019 signed an agreement with the Ministry of Hajj and Umrah to provide insurance services to Umrah and Hajj pilgrims for 4 years.

Source: Argaam