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Egypt: Premium hikes anticipated as Iran-Israeli military conflict escalates

The Egyptian insurance industry is monitoring the escalation of the ongoing war in the Middle East between Israel and Iran and its impact on insurance coverage, premium rates and compensation costs.


Algeria: Reinsurer reports 22% jump in net profits to over US$56m in 2024

The Central Reinsurance Company (CCR) has posted net profits of $56.28m, an increase of 21.8% compared to the $46.22m chalked up in 2023.

UAE: Govt sets new Emiratisation goal for insurance sector

The UAE government has set a new Emiratisation strategy for the years 2027-2030 which targets Emiratisation rates of 50-60% at insurance companies, depending on company size.

Saudi Arabia: Oliver Wyman names Abdulelah AlBarrak as new office leader for Riyadh

Oliver Wyman, a global leader in management consulting and a business of Marsh McLennan, has appointed Mr...

UAE: Industry veteran Dr Mustafa Rajab passes away

Iraqi insurance and reinsurance veteran Dr Mustafa Rajab passed away on 15 June in Abu Dhabi at the age of 96.

Other News

Africa

  • Uganda: First takaful insurer expected to start operations this year

Asia

  • Malaysia: Government-launched medical insurance product under diagnosis-based pricing system
  • Sri Lanka: Union Assurance achieves ISO/IEC 27001:2022 certification
  • Vietnam broadens scope of unemployment insurance

China

  • Life insurers expected to cut prescribed interest rates in 3Q2025, as bank deposit rates fall
  • Domestic trade credit co-insurance syndicate established with initial capacity of US$1.4bn
  • Calls made for introduction of micro-pension products
Subscribe eChina

Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

Most Read News

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    Egypt:Insurance premiums grow by 38% in 1Q
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    UAE:Rising insurance premiums are reshaping consumer spending
  • 4
    Africa:African Insurance Organisation announces new president
  • 5
    Morocco:Allianz announces new CEO

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