Reinsurance

Nat CAT an increasing concern among cedants

As awareness of climate-related risks grows due to weather events, demand for Nat CAT cover is rising, Misr Emirates Takaful Life Insurance - SALAMA’s Mr Mohamed Hussien told Middle East Insurance Review.

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Reinsurance: A need for collaboration

The insurance market in the GCC has expanded considerably in the past few years and is expected to maintain its growth in the foreseeable future. However, weather-related risks and geopolitical tensions continue to plague the market, reinforcing the need for better cooperation and coordination among operators. Kuwait Re’s Mr S Mohamed Veera shares his views on the state of general reinsurance in the GCC.

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Climate and awareness to shape insurance growth

Saudi Arabia’s Vision 2030 is driving transformation in the kingdom’s insurance sector, with rising demand for health, life, property and niche project-specific coverage. While infrastructure expansion and private sector growth create new opportunities for insurers, low public awareness and cultural misconceptions continue to limit broader adoption beyond mandatory products.

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