Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Mar 2025

Contents

March-Home
Editor's Letter
Magazine article aboutFrom-globalisation-to-fragmentation

From globalisation to fragmentation

Market Profile
Magazine article aboutReinsurance-brokers-can-help-L-H-insurers-adapt

Saudi Arabia

Reinsurance brokers can help L&H insurers adapt

Regulatory shifts shaping Saudi Arabia's insurance future

Bright prospects for Saudi reinsurance sector

Building a better industry

Opportunities abound but challenges loom

Brokers central to Vision 2030 insurance goals

Insurance
Magazine article aboutInsurTech-Bridging-the-EV-coverage-gap

General

InsurTech: Bridging the EV coverage gap

Is the Middle East ready for EVs?

Rapid growth of EVs to spur MENA insurance

EVs and insurance: Preparing for growth in MENA

Middle East and Africa: An evolving political violence landscape

2025 MEA insurance outlook: Risks and prospects

EVs in MENA: A holistic view

Takaful
Magazine article aboutTakaful-broking-growing-slowly-but-surely

Takaful broking growing slowly but surely

Demand for shariah-compliant alternative investments

Brokers poised to spearhead takaful growth

Reinsurance
Magazine article aboutReinsurance-capacity-holds-strong-despite-Nat-CAT-pressures

Reinsurance capacity holds strong despite Nat CAT pressures

MENA brokers adapt amidst rising risks and rates

Notebook
Magazine article aboutEgypt-Federation-celebrates-70-years-of-insurance-innovation

Egypt: Federation celebrates 70 years of insurance innovation

India's time on the world insurance stage has arrived

News

MENA

MEA: (Re)insurance market set for rising demand and growth in 2025

MENA: Political violence rates set to increase in 2025

MENA: 2025 outlook stable on growth and reforms despite geopolitics

Algeria: Steady growth expected to continue

Bahrain: Solidarity Bahrain launches new app to incentivise safe driving

Egypt: Government to allocate over $1bn to upgrade healthcare facilities across six governorates

Egypt: Senate considers debate on insurance competitiveness

Jordan: Central bank to liquidate Arab Union International Insurance (AUII)

Jordan: GlobeMed Jordan hosted its annual dinner, wrapping up 2024

Kuwait: 11 government agencies to stop offering employee health insurance

Kuwait: Insurance unit introduces new rating standards for foreign providers

Morocco: Cyber emerges as top risk for operating businesses

Oman: Omani insurers report 46% decrease in results

Qatar: Workers' support and insurance fund benefits 130,000 workers

Saudi Arabia: Al Etihad and Al Rajhi sign bancassurance agreement

Saudi Arabia: Employers penalised for failing to provide health insurance to workers

UAE: Insurer uses AI to eliminate medical exams in life insurance underwriting

UAE: ADNIC posts record-breaking performance in 2024

UAE: New insurance premium payment rules now in effect

Global

Global: Opportunities amid dynamic risk environment

Global: Commercial insurance rates decline 2% for second consecutive quarter

Global: Cyber market pegged at $16.6bn in 2024

Global: Geopolitical uncertainty accelerating cyber crime risk for banks, insurers

Takaful

Bahrain: Takaful International's net profit rises by 9% in 2024

Burkina Faso: Takaful finds its way to the market

Egypt: Misr Takaful surplus jumps by 247% in 2024

Jordan: Islamic Insurance profit rises by 13% in 2024

Oman: Takaful Oman, Oman Arab Bank form bancassurance partnership

MENA

Qatar: QIIC and Alkhaleej maintain profitability in 2024

Product Bites

Product bites

Diary
People on the move

People on the move

Market Profile

Saudi Arabia

Reinsurance brokers can help L&H insurers adapt

Rising claims costs, evolving regulatory requirements, demographic shifts and pricing sustainability of policies continue to challenge insurers, but reinsurance brokers can support insurers with custom solutions that help them meet the needs of a growing market. 
 

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Regulatory shifts shaping Saudi Arabia's insurance future

With Saudi Arabia undergoing a significant socio-economic overhaul, recent regulatory and legal developments in the insurance sector are positioning it for transformation. These changes in the industry are fundamental to its growth and are mapped to the government’s vision.
 

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Bright prospects for Saudi reinsurance sector

Saudi Arabia’s reinsurance sector is experiencing rapid growth, driven by market consolidation, large-scale infrastructure projects and new compulsory insurance products. While opportunities continue to expand, challenges such as intense competition and gaps in natural catastrophe coverage remain crucial industry concerns. 
 

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Building a better industry

With the many projects and developments that Kingdom of Saudi Arabia is planning for the next five years, insurers have their hands full. Kingdom Brokerage’s Mr Abdulaziz AlKhelif spoke to Middle East Insurance Review about the industry and how its future is being shaped.
 

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Opportunities abound but challenges loom

Some see it as a bid to attract multinationals, others as a step towards an oil-free economy or regional dominance, but Saudi Arabia is well on its way to transforming its economy and financial markets under Vision 2030. The kingdom’s insurance industry is integral to this metamorphosis. We take a glimpse at recent developments in the sector.
 

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Brokers central to Vision 2030 insurance goals

Saudi Arabia’s insurance segment, energised by the country’s ambitious Vision 2030 initiative, is in a transformational phase, and insurance brokers play a critical role in the market’s growth and development.
 

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