Arab Reinsurance Company: a new dimension
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KSA: Insurance Authority officially begins work - Governor of SAMA congratulates the Insurance Authority - Property Catastrophe Reinsurance Market Dynamics to Slow in 2024 - Kuwait: Ins companies to provide the IRU with statistics on “life and money sources” - Egypt: FRA issues the August 2023 report - KSA: Amended comprehensive motor insurance rules take effect - KSA: Merger of "Alinma Tokyo Marine" & "Arabian Shield Insurance" - Turkiye: Insurers expect sharp hikes in premiums in 2024 - Egypt: FRA issues a circular prohibiting insurance companies from collecting premiums from brokers - SAMA Governor honors two insurance companies for smooth merger - SAMA licenses online reinsurance brokerage company - Morocco: 8 Sep quake is first event declared a disaster under special CAT insurance scheme - Solidarity Bahrain is preparing to acquire Al Hilal Life and Al Hilal Takaful - Fitch Affirms Misr Insurance Company's National IFS at 'AA+(egy)' - AM Best affirms the rating of GIG Kuwait - Turnover increase for Algerian insurers in H1 2023 - In Kuwait, the Insurance Regulatory Unit issues its report (2022/2023) - Hannover Re anticipates improved global reinsurance market terms to reflect rising loss costs - Algeria: Insurance industry grows by 4.3% in 1H2023 - Marine insurance coverage instructions take effect - Lloyd’s systemic risk scenario reveals global economy exposed to $3.5trn from major cyber attack - Stopping “insurance” on ships coming to Lebanon: Food in danger?! - KSA: The merger with Enaya would lead to a strong entity with a capital of 592 million riyals - Algeria: Local brokers lobby regulator to open up international reinsurance business - Oman: CMA Announces Implementation of IFRS 17 (Insurance Contracts) - Egypt: 68.1 billion pounds, total financing granted by entities subject to the supervision of FRA - Egypt: FRA completes the development of the Egyptian actuarial life tables - Saudi Arabia: Marine insurance coverage instructions take effect - After raising rates due to natural disasters, reinsurers considering same due to political violence - Palestine: Israeli aircraft destroy the headquarters of Trust International Insurance Company - Türkiye: Regulator focuses on Nat CAT and sustaining market growth - Egypt: FRA: 141.9 bn EGP as assets of private insurance funds - KSA: Insurance industry KSA Q2-2023 - In Syria, the ISC issues a report on the insurance companies’ performance during H1 of year 2023 - Middle East: Events in Gaza cast a shadow over Arab insurance markets - African non-life reinsurance premiums continue to grow in 2022 - Algeria: AM Best Affirms Credit Ratings of Compagnie Centrale de Réassurance - SAMA seeks public consultation on draft amendment of comprehensive motor insurance rules - UAE Insurance companies performance - Egypt: FRA gives insurance companies up to 3 years to comply with the new rules of governance - Egypt: 17.6 bn EGP as insurance premiums in Q2 of year 2023 - Turkiye: high reinsurance premiums are inevitable in 2024 - Oman: steady growth in health insurance performance - Rising climate risk calls for industry and government collaboration: Moody’s - Kuwait: The Insurance Regulatory Unit issues 4 decisions - The complete indicators of the insurance market in Oman - FRA Egypt requires insurance companies to prepare studies for indicative pricing of their products - UAE: DIFC heading towards achieving growth in the no of insurance cos - Morocco earthquake set to trigger XoL payouts on EV CAT nat cat pool - UAE: 15% growth in profitability of the 10 largest insurance companies for H1 - KSA: SAMA licenses two insurance aggregation companies - Improving profitability in non-life insurance set to fortify its vital role as a shock absorber - The Gulf insurance sector is ready for mergers and acquisitions - Egypt's insurance federation chief estimates Morocco quake to cost insurers US$300m - Morocco quake: death toll rises to 2,901 - Bahrain: insurance market sees gross premiums rise to $402m in H1 - Earthquake death toll rises to 2,122 - GWP down 4.5% in 2022 - The Central Bank of Jordan: New instructions and regulations for insurance sector end of year 2025 - Saudi Arabia: 3 factors pushed the insurance sector to a historic level - 2023 Arab Re rating - Central Bank of Egypt: Net profits of insurance companies rise to 8.2 bn EGP - Egypt: Insurance association studies disaster bonds - Algeria: Public slow to embrace disaster insurance - Earthquake death toll rises to 2,122 - GWP down 4.5% in 2022 - The Central Bank of Jordan: New instructions and regulations for insurance sector end of year 2025 - Saudi Arabia: 3 factors pushed the insurance sector to a historic level - UAE Listed insurance companies performance analysis - Oman: Listed insurers report rise in premium income in 1H2023 - Best’s Market Segment Report: Dedicated Reinsurance Capital Fluctuates Amid Volatile Market - 49.1 m KWD as profits of listed insurance companies in H1 - Saudi Arabia: funds of the “Insurance Authority” could be invested to ensure sustainability - Oman: 3.5m OMR as total profits of insurance companies in H1 - FRA: 11.46b EGP in new investments for private insurance funds - Munich Re ranked largest reinsurer for third year running by AM Best - Sigma 3/2023 - World insurance - SAMA Governor extends gratitude to Leadership for cabinet’s approval - Insurance companies achieve 35.7 billion pounds as premiums, with a growth rate of 28.9% - Tunisia: Listed insurers post 5% higher combined premium income in 1H - Sources: Suez Canal Insurance inspects the tug "Fahd" - Turkiye: Currency fluctuations pose additional complication in 6 Feb quake claims - UAE: DFSA signs anti-money laundering MoU - Swiss Re: Severe thunderstorms account for up to 70% of all insured natural catastrophe losses - Turkiye: Health insurance leads industry growth in 1H2023 - UAE: "Salama" and "Takaful Emarat" decide to end the merger talks - Egypt: Insurance companies pay claims at 13.3 bn pounds - Investments of private insurance funds amounted to EGP 2bn during May - SAMA approves insurtech rules - Turkiye: Weakening local currency hits insurance agencies - Oman: 1.2% contribution of the insurance sector to the GDP - Kuwait stock exchange rises marginally, with the support of the insurance and consumer service - Oman: 831.9 m riyals total funds invested in the insurance sector - Best's Market Segment Report: Egypt’s Insurance Market Grows in Spite of Difficult Economic - Morocco: Insurance sector remains a "price" market - SAMA approves the merger of Al-Khaleej Al-Ahlia and Al-Saqr Insurance - Reinsurance market report for full-year 2022 by Gallagher Re - UAE: Insurance sector's solvency nearly 2 times of the required minimum at end-2022 - Recent trends in marine insurance - Lloyd’s performance & capital strong, market positioned to meet challenges: Aon - SAMA licensed Saudi mortgage guarantee services company “DHAMANAT” - UAE: Hamdan bin Mohammed: Securing our digital space is one of our top priorities - The FRA issues 3 decisions to start the process of digital transformation - Egypt: Insurance premiums grow by 29.8% - UAE: Average medical premiums double in 2022 - Turkiye: Reinsurance capacity expected to shrink, premiums to skyrocket - Morocco: Bill drawn up to amend legal provisions relating to insurance distribution - FRA: EGP 1.8 bn as investments of private insurance funds during last February - Saudi Arabia: SAR600M as profits from the insurance sector during Q1 - Saudi Arabia: Vision 2030 strategy to open up huge opportunities to insurers - Aon released its Global Market Insights Report for Q1 year 2023. - Increased pressure from reinsurers to place cyber separately at renewals: Gallagher Re - UAE Listed insurance companies performance analysis Q1 2023 - Financial Regulatory Authority: Committee to settle disputes of insurance companies - Reinsurance market sees orderly renewals at mid-year - Algeria: Proposal raised for motor insurance pricing scale - Swiss Re expects the growth of "property" and "life" branches - AED 128.3 billion, the assets of the insurance sector in the UAE at the end of Q1 - GAIF: establishing a regional pool to gather underwriting capacity in the region - Turikye: CAT pool to establish regional offices - Syria: Meeting of the IFRS17 implementation committee in the Syrian Insurance Federation - AM Best Releases Revised Criteria Procedure: ‘Best’s National Scale Ratings’ - SAMA: Saudi economy grew in 2022, supported by resilient financial system - Tunis: the insurance sector's turnover increased by 7.5% during the first quarter of 2023 - Over $150bn in fees and commissions earned from insurance broking activity in 2022 - Bahrain: 23.43m BHD as profits of 5 joint-stock insurance companies - The UAE tightens insurance requirements for ships flying their flags - IFE: Catastrophe risks are a priority - Reinsurance support plays a large role in the cyber insurance market: Moody’s - Qatar: Listed insurers show net profit jump of over 50% in 1Q - 2023 Aqaba Conference website allows the download of lectures - Kuwait: The Insurance Regulatory Unit licenses 10 entities and persons - Reinsurance rate hardening continues – report - Turkiye: Insurance regulator draws up new road maps with lessons from 6 Feb earthquake - Saudi Arabia: merger of Saudi Enaya & UCA - IFE: AI and disaster risk reduction - GAIF: renewal of Mr Chakib Abouzaid mandate for 4 years - Saudi Arabia: merger of Saudi Enaya & UCA - Turkiye: Disaster pool reviews proposal to double Nat CAT insurance coverage - Algeria: Govt working to develop parametric insurance - Turkiye: Several reinsurers announce 6 Feb quake losses - Jordanian insurance market in 2022: premiums per class of business - Kuwait: 21.5 KWD “insurance” profits for the Q1, a growth of 24.5% - A fine of up to 2 million riyals for practicing insurance business without license in Saudi Arabia - Wide variation in impact of IFRS17 on re/insurers: AM Best - Egypt: Insurers face several challenges in implementing IFRS17 - SAMA: Insurance sector grew by 26.9% in 2022 - Morocco: Insurance industry posted combined profits of US$430m in 2022 - Regarding "insurance policies"... important news by the Minister of Economy - SAMA seeks public consultation on draft marine insurance coverage instructions - Insurance companies achieved 11.4 bn pounds as premiums in two months - Saudi Arabia: 26.9% growth in the insurance sector in Saudi Arabia during one year - CMA in the KSA extends the deadline for insurers to disclose the results of Q1 2023 - The cost of insuring against the risk of default on Egyptian debt is rising - Munich Re launches ‘innovative’ coverage for AI solutions - MENA: Oil & Energy Insurance Syndicate posts adequate profitability - UAE: Insurance policies will rise to 8.8 million in 2022 - AM Best Comments on Credit Ratings of Gulf Insurance Group - Reinsurance outlook to improve as investment volatility eases: Aon - Egypt: Financial results of global reinsurance companies for 2022 - Aon estimates global insured catastrophe losses in Q1 2023 at $15 billion - GCC Listed Insurers: Net Combined Ratio contained at 98.9% by record growth - Dubai's Sukoon Insurance gets UAE Central Bank go-ahead to buy Arabian Scandinavian Insurance - A special deal between Kipco and Fairfax - Reinsurance market posts 10-year record for 2022 – report - Saudi Arabia: health insurance to reach $10 billion by 2028 - Marsh publishes the: “Political risk report 2023”. - Lebanon: Al-Abyad announces new projects with insurance companies - An agreement between the Lebanese Order of Physicians - Beirut and TPAs - President of IFE: Raising interest rates is a major step to reduce inflation - Reinsurers maintain discipline at challenging April renewal: Gallagher Re - Gulf Insurance Group to acquire AIG Egypt - Syria: The Ministry of Finance holds a meeting to discuss the role of the insurance sector - Damages of the recent earthquake in Turkey are on the way to reimbursement - Japan finances the health insurance project in Egypt with $335.5m - Insurance companies achieved EGP 14.5 bn as premiums in 3 months - Syria: A new board of directors for the Syrian Federation of Insurance Companies - IFE tracks company losses - Lebanon: A responsibility among physicians and insurance companies... and the citizen suffers! - UAE: 6.5% growth of insurance written premiums by end of 2022 - The Aqaba Conference Committee publishes the names of the participants - UAE: Auto insurance prices remain below floor set by regulator despite price hikes - Global insurance market to remain hard driven by increased demand and inflation - The Saudi General Authority for Competition approves the merger of “Enaya” and “United Ins.” - IFE holds a workshop on the "Insurance market in Egypt" - Interview with the Secretary General of the Syrian Insurance Fed. New articles of association - Turkiye: Financial loss arising from 6 Feb earthquakes estimated at 'shocking' total of over US$103b - Preparations for the Gaif in its 34th version have begun… - Egypt: 18.3% growth in insurance premiums - In Egypt, assets of insurance companies rise to 178.4 bn pounds - UAE: AM Best: Intense price competition reduced the profitability of insurance companies - Lloyd’s to report improved underwriting result but investments drive full year loss - Morocco: Insurance regulator establishes Innovation & Insurtech unit - UAE: DIFC hosts DWIC - Jordan: 8.2% increase in premiums for insurance companies last year - GCC insurers benefit from strong premium growth - In Syria, did the earthquake hit the insurance sector? - In Lebanon, hospitals towards raising tariffs on ins cos - AI must be integrated into underwriting and claims processes: Munich Re’s Greene - Saudi Arabia: "Comprehensive policy"... obligating insurance companies to pay total claims - After Turkey's devastating earthquake... Lebanese are buying home insurance - S&P: Insurance premiums grow by 20% in Kuwait - GAIF announces the establishment of the Arab Actuaries Association - The UAE insurance sector maintains first rank in the Arab world - In Lebanon, compulsory insurance in fresh US$ - World Bank: $34 bn as Turkey earthquake damages - Reinsurance Recap: 2022 Results Mixed as Market Improves - Munich Re downsizes retro program for 2023 - Turkey earthquake economic losses by Moody’s - Lebanon: Crisis and the health sector coverage - Morocco: Life insurance sector poised to grow - Egypt: The insurance sector and the growth during 2023 - The Insurance Federation of Egypt and the intellectual property coverage - Earthquake risks and the role of the insurance industry in facing natural disasters - Merger of "Oman Qatar Insurance" and "Vision Insurance" - Reinsurance business faces restructuring amid hardening market - Fitch Affirms Tunis Re's National IFS at 'AA(tun)'; Outlook Stable - Insurers' body announces measures to ease plight of policyholders and agencies in quake region - Reinsurance: $130 bn expected claims due to natural disasters - SAMA: first branch of a foreign insurance company licensed in the Kingdom - The state is without money; however insurance companies are ready - Turkey earthquakes could result in $1bn+ loss - Munich Re announces cyber risk management program - SAMA: Officially the insurance sector applies IFRS 17 and IFRS 9 - MEA reinsurers: ranking according to 2021 turnover - Syrian insurance companies: 2021 ranking - The list of reinsurers allowed to operate in the Egyptian market has increased to 299 companies - Lebanon: Only 400,000 person have insurance policies - Morocco: Regulator to establish insurance distribution gauge - In Egypt, FRA amends the licensing conditions for Takaful - The Egyptian economy is expected to grow by 5% in 2023 - Reinsurance: Sector introduces Open Exposure Data (OED) Standard for risk modelling - In Jordan, a modern insurance contract law - Al Qahera News presents a report on ins. claims in 2022 - Traffic accidents are diminishing in Saudi Arabia, but insurance rates are rising - In Egypt, FRA approves the registration of a new Chinese reinsurer - Natural disasters caused over $130bn global insured losses in 2022: Aon - Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance - Global: Calculation differences hinder comparisons of IFRS 17 results - UAE: 3 listed insurance companies are considering merging - In Egypt, FRA regulates credit insurance - Syria: The Insurance Supervisory Authority monitors the insurance sector - Saudi Arabia: Regulator allows third parties in a motor accident to opt for cash payout - Insurance companies achieved 47 bn pounds as premiums - Reinsurers must seek new opportunities & reprice amid climate pressure: Moody’s - Turkiye: Insurance association proposes changes to insurance rules and operations - Morocco: Takaful companies offer around 60 products in nascent market - Reinsurers’ underwriting margins expected to improve in 2023, says Fitch - In the black sea: some companies stop insurance and prices up by 20% - $270 bn as natural disaster losses - Egypt: The flexibility of the exchange rate contributes to providing liquidity in the market - Saudi insurance sector remains strong, posts 27% growth in Q3 - Egypt: Regulator publishes new rules for supplementary motor insurance branch - Tunisia: Insurance market to see significant momentum in reform - Intermediary Reinsurance Broker Ltd launched in Iraq - Launch of the Risk Management Certificate for insurance and reinsurance professionals in Lebanon - Reinsurers' expectations for the January 1, 2023 renewal - Pricing of reinsurance programs for year 2023 - Global reinsurance market: main indicators 2017-2021 - Lebanon: Payment in fresh $ exclusively... Insurance companies will raise prices - Saudi Arabia: United Cooperative Assurance is considering merging with Saudi Enaya - Egypt: Insurance companies bet on treasury bills to maximize returns - Growth of takaful in Morocco - Kuwait: The insurance regulator licenses 3 brokers - Morocco: Regulator says work to revise insurance law is progressing well - UAE: Central Bank to activate the account requirements for insurance companies’ premiums - ‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best - Egypt: Launching a new Takaful insurance co. - Life - Increasing the spending on digital transformation globally by 700% in insurance - Munich Re estimates 2022 storm losses at $110bn, of which $65bn insured - Substantial changes in war reinsurance programmes possible in 2023: Gallagher - Fitch Ratings confirms the rating of Misr Insurance Co. - 90m EGP as insurance premiums by “Apex Egypt” - 3rd Libya International Insurance Forum - 25 b health insurance sector growth - Lloyd's market: main indicators 2017-2021 - Moody’s affirms the rating of "Kuwait Insurance" - Oman: 33 m OMR as insurance premiums - UAE: DIFC Insurance Association's new CEO assumes office on 1 Dec - 16th RDV de Carthage Insurance and Reinsurance - GCC: Insurance performance as at 30/9/2022 - Reinsurance market: 2023 renewal - MENA: rating of main regional reinsurers - United Insurance Company raises its paid-up capital - Saudi Arabia: SAMA launches a training program for finance in the insurance sector - Egypt: The Egyptian Insurance Federation reveals the contribution of the insurance sector - S&P’s downgrades SCOR rating - Kuwait: The right to buy or sell the shares of Kuwaiti Re - Asia Pacific: Life insurance business in advanced markets expected to fall - UAE: Insurance association maintains it upholds regulatory agenda amidst talk of motor insurance - Oman: Regulator revamps 13 online services in insurance sector - Lebanon: a meeting around impacts on insurance companies - Saudi Arabia: SAMA issues comprehensive motor insurance rules - FRA renews the registration of Sky Insurance Brokers - The Insurance Federation of Egypt addresses to approve insurance of electric cars - JOIF hosted an Arab symposium to discuss topics related to compliance - Jordanian insurance market: increase in net profit as at September 30, 2022 - 3 workshops in cooperation with reinsurance companies and Gaif issued an electronic bulletin - Tunisian insurance groups: ranking according to turnover in year 2021 - 2021 ranking of the best reinsurers in the world - Top 100 - Top 20 insurance and reinsurance brokers - Bahrain insurance market in 2021 - Saudi Arabia: Listed insurers' combined GWP surges but net profit stays flat for first 9 months - New car insurance regulation in Saudi Arabia - Saudi Arabia: Mr Mohammed Bin Abdullah Al-Sudairy assigned as CEO of "Gulf General" - Egypt: Comprehensive medical coverage - GCC: Economies in the region set to get extra boost from FIFA 2022 World Cup - Syrian insurance market: results for the first half year 2022 - Misr Insurance Co.: capital increase - AM Best confirms the rating of SNIC Insurance - Libya: Parliament approves amendment to the health insurance law - Rise of rainfall and flooding in 2022 - Saudi Arabia: Central Bank issues Comprehensive Motor Insurance Rules - Jordan: 19 insurers post combined net profits of over US$26m in first 3 quarters of this year - Bahrain: Central Bank plans to issue ESG disclosure guidelines in 1H2023 - Lebanon: The “customs dollar” - Syrian Insurance Sector Report (First Half Year 2022) - Kuwait: proposal to cancel the insurance unit - Top 5 reinsurers in the world: equity 2021 - Podium of Algerian insurers in 2021 - Conclusion of merger: Walaa and SABB Takaful - Morocco: e-status in Motor insurance - Insurance companies pay EGP 17.47 bn - Liquidation of four Jordanian insurance companies - Insurers to expect low premium income growth in 2023 - Oman: The no of nationals insured in the private sector increased by 8.1% - Jordan: Meeting of the International Federation of Takaful and Islamic Insurance Companies - FRA: renewal for Trust Reinsurance Brokerage - SAMA: Saudi Re expects more than 5% increase in business from new reinsurance cession requirements - UAE: Employers can opt for insurance to cover their liabilities to workers - Taxes on life insurance contracts in Morocco - Top 10 non-life insurance markets in 2021 - The Egyptian insurance market - Lebanon: Actuarial challenges - Morocco: Increase of premiums by 6.2% - Bahrain: Asiri: Life insurance premiums amounted to 52 million dinars - Egypt: rising interest rates positively affects the economy - A seminar on “Lebanon’s management of the healthcare sector in light of the economic crisis” - Assurances Maghrebia Vie: IPO - FRA in Egypt discusses with reinsurers mechanisms for developing the sector's products - Insurance Federation urges companies to use technology - Bahrain: stable results in the insurance sector - Preparing for the 9th Aqaba Conference - Egypt: Insurers look forward to more business on introduction of new car import scheme - Egypt: FRA signs a memorandum of understanding with the Moroccan Authority - Saudi Arabia: Govt outlines scope of coverage of compulsory Umrah insurance policy - Exports to Sub-Saharan Africa: the Tunisian State covers 50% of insurance premiums - Asian reinsurers looking to expand in the Egyptian market - Saudi Arabia: Merger of SABB Takaful with Walaa Insurance - Kuwait: Authorization to 11 brokers - High inflation and Nat CATs call for disciplined risk management, says Munich Re - CMA approves Bupa Arabia capital increase - Egypt: Compulsory Motor insurance pool pays $3 m as claims - Moody's downgrades SCOR's outlook - MENA: Reinsurance capacity in the region continues to be highly changeable - AM Best confirms the rating of CCR Algeria - MENA: need for a regional natural catastrophe insurance pool - Reinsurers ranking in 2021 - Africa non-life insurance market in 2021 - UAE: Aman to pull out of insurance operations to become holding co - Turkiye: Surety insurance starts to grow shoots - Tunis insurance market in 2021 - AM Best confirms the rating of GIG Egypt - CIMA zone: insurance density and rates by country in 2020 - AM Best confirms GIG Jordan's rating - Oman Insurance Company becomes Sukoon - Oman: Insurance market expands by 10% in 1H2022 - Egypt: 3 companies competing to insure Telecom Egypt - $120 bn economic losses insured globally last year - Decline in demand and rise in interest rates: challenges for the insurance sector - Global average annual insured losses from extreme events in excess of $120bn: Verisk - Qatar: Mandatory health insurance premium for visitors announced - Turkiye: More farmers are buying agricultural insurance - Egypt: cabinet proposes cooperation with the insurance sector - Insurance: highest CEO or GM salaries, year 2020 - An insurance expert: for the establishment of a brokers’ federation - Egyptian insurers urged to raise rates - AM Best: negative outlook for the SCOR group - Merger between SALAMA and Takaful Emarat - Saudi Arabia: Motor insurance coverage does not exceed 50% - Bahrain: BIBF launches a professional certificate in insurance - Egypt: Russia-Ukraine war and Corona affected the insurance sector - Qatar: Top insurer and leading investment bank form joint venture - Saudi Arabia: “SAMA”: Consumers pay 27.22 million riyals per day to insure their vehicles - Emirates: An upcoming merger of three insurance companies - Tunisian insurance companies: 2021 ranking - Egyptian insurance market in 2021: turnover by branch - Partnership between SCR and AIG - Saudi Arabia: Minister of finance: a new regulator for the insurance sector soon - Kuwait: “Insurance Regulation”: 24 companies licensed to provide compulsory car insurance in Kuwait - Financial Sector Development Program: Saudi Arabia aims to increase the per capita insurance share - Partnership between Sanlam and NAPS - Middle East: NLGIC Group announces C-suite leadership team - Outstanding growth in life in Egypt - Saudi Arabia: insurance market to be difficult if the companies do not merge - Proposed merger between Al Sagr and Gulf Union Al Ahlia - UAE: Financial regulators host cyber risk supervisory college - Turkiye: Vehicle insurance premiums more than double - Egypt: The Insurance Federation restructures the general committees for a period of 4 years - Preparations for launching a reinsurance company in the UAE - Turkiye: Demand for supplementary health insurance soars - Egypt: Insurers renew calls for customers to reassess insured asset sums amidst rising inflation - Union Financière Holding increases its stake in Assurances Maghrebia - 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 - Jordan: IFRS 17 - Fitch: Reinsurance rates to increase - Kuwait: Insurance Regulatory Unit suspends 3 companies - Lebanon: New CEO of Allianz - Ajman: Sheikh Ahmed Al Nuaimi issues a decision to amend the health insurance system - Qatar: Merger of Doha Ins. and Kuwait Ins. - Egypt: Restructuring the BOD of the Egyptian FRA - Egypt: Libano-Suisse Takaful targets EGP450m of premiums - Saudi Arabia: Saudi Enaya's shareholders vote against winding up - Algeria: Insurers call for changes/Nat CAT insurance - The dollar increase amplifies the insurance claims’ invoice.. - Kuwait: Insurance market shows modest growth in 2021 - Moroccan insurance market: 5.3% increase in 2022 half-yearly premiums - Predictive analytics: changing the business rules in the insurance market - UAE: Conglomerate mulls setting up a reinsurance company - UAE insurance companies ranked first in terms of premiums - A regional reinsurance hub in the making - Kuwait: 16% profit increase in insurance - FAIR: Increase in Pools’ premiums to $82.8m - 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 - Australia’s Extreme Climate Risks Threaten to Make Home Insurance Unaffordable - Global reinsurance maintains “prudent approach” to claims reserving: AM Best - Insurance industry hit by rising digital fraud in H1 2022 - UAE: Insurance market to expand by 5% this year in terms of GPW - Turkiye: Insurance sector's GWP soar by 93% in 1H in nominal terms - Egypt: Regulator studies requiring insurers to maintain minimum level of investments - Dutch Insurer NN Group’s H1 Profit Slips on Impact of Storm Claims - Weakening UK Regulators Would Undermine Financial Services, Bank of England Warns - Inflationary recession to impact insurance demand, drive claims costs higher: Swiss Re Institute - Kuwait: Reinsurer posts US$13m in 1H net profits - Zurich Insurance Reports 25% Increase in H1 Operating Profit, Beating Expectations - Cowbell Cyber links up with Swiss Re - UK Insurer Aviva Posts 14% Rise in H1 Operating Profit - Morocco: Govt to recommend tax surcharge on oligopolistic sectors - Wildfires Rage in France, Destroying Homes, Forcing Evacuation of Residents - UK Financial Services Firms Suffer From Record Skills Shortage - Malaysia’s non-life insurance segment outlook remains stable: AM Best - Saudi Arabia: Insurance market forecast to grow by 5-10% this year - 6th Saudi Insurance Symposium to spotlight compulsory insurance, innovation & growth - Lebanon: Insurance regulatory reform in limbo because of political deadlock - Reinsurance: Munich Re posts profit of US$1.4bn for 1H2022 - Insurers Get Safety Assurances for Ships Exporting Ukraine Grain Through Black Sea - More Grain Ships Safely Depart From Ukrainian Black Sea Ports - Arthur J. 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 - Egypt: Motor insurers eyeing 10% increase in premium income - Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments - $170bn of global insurance premiums at risk by 2027, research suggests - Lebanon: 2 years after Beirut Blast, operating environment remains tough for (re)insurers - Morocco: Insurers' counterparty risk remains under control - French Insurer AXA Posts 3% Rise in H1 Net Profit - Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re - Société Centrale de Réassurance’s expansion cited as rating affirmed - Saudi Arabia: Central Bank approves merger between SABB Takaful and Walaa Insurance - Lloyd’s and Aon report reveals the highly interrelated risks of Ukraine conflict - Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh - Global Claims Review 2022 - AXA tops list of largest EU insurers ranked by GPW - Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re - Swiss Re returns to profit but H1 net income falls on investment result & Ukraine reserves - Motor insurance premiums lag claims inflation - Asia Pacific: Region faces Nat CAT economic losses of US$22bn in 1H - SCOR posts H1 2022 net loss as nat cats, war in Ukraine & COVID-19 hit profitability - Turkey: Insurers acknowledge the influence of Gen Z - Global: Lloyd’s-Aon report indicates how businesses can mitigate risks arising - India: Regulator considers several changes to insurance operations - Lloyd’s Insurers Preparing to Cover Ukraine Grain - Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon - GCC: Insurance markets in the region sees P&C rates mostly hardening - UAE: National health insurer offers medical plans to investors and talents - One-Quarter of Firms Operating at Lloyd’s Reach 35% Target for Women Leaders - RenRe’s underwriting performance remains strong, but investments drive Q2 loss - Turkey: Regulator warns insurers against avoiding underwriting compulsory motor - Saudi Arabia: Insurers required to pay small motor third-party liability claims - 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 - 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Saudi Arabia: United Cooperative Assurance is considering merging with Saudi Enaya

Thursday, 12 08 2022, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Enaya Cooperative Insurance Company signed a memorandum of understanding with the United Cooperative Assurance, in order to assess the feasibility of merging the two companies.

Source: Morakeb Group
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