Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has completed the transfer of shares of Bahrain National Insurance Co (BNI) from the parent company.
The new board of the Insurers Federation of Egypt (IFE) has formulated an ambitious strategy for the years 2025-2029—a vision that reflects both continuity and progress, anchored on Egypt’s national agenda for financial inclusion, innovation and sustainability.
The Insurers Federation of Egypt (IFE) has stressed the need for insurance companies to cooperate with the Ministry of Culture and the Supreme Council of Antiquities to develop unified technical mechanisms to assess the risks associated with antiquities and cultural artifacts.
Gross written premiums in the Jordan insurance market registered a solid double-digit growth rate in the first nine months of the year (9M2025), driven primarily by strong performance in the motor and medical insurance branches, which also accounted for the largest share of paid claims.
Kuwait Reinsurance Company (Kuwait Re) has reported a net profit of KWD12.96m for the first three quarters of this year (3Q2025), 36.4% higher than the KWD9.50m posted for the corresponding period in 2024, according to interim financial reports released by the reinsurer.
Morocco’s insurance and reinsurance sector achieved a total turnover of MAD37.7bn ($4.07bn) in the first half of 2025 (1H2025).
Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, posted a 23% increase in net profit before Pillar II tax for the first nine months of 2025 (9M2025).
Profitability in the Saudi insurance market has been volatile over time, with competitive pressures driving frequent changes in the pricing cycle, said Moody’s Ratings.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published the amended Private Health Insurance Regulation in the Official Gazette.
Sukoon Insurance,among the top five insurers in the UAE, has announced a 56% year-on-year (YoY) surge in profit before tax.
Building on the recovery established in the first half of the year, the UAE insurance industry continued to demonstrate solid improvement for the first three quarters (3Q2025) of 2025.
Global
The 21st Singapore International Reinsurance Conference (SIRC) opened on 3 November with a strong message of resilience, collaboration and future-readiness as the global reinsurance community gathered in Singapore in record numbers.
The Monetary Authority of Singapore (MAS) has identified three key areas of opportunity where the regulator hopes to further collaborate with the insurance industry.
Climate goals are unattainable without a healthy planet. Yet natural capital and ecosystem services are deteriorating at an alarming pace.
A global survey of insurance industry leaders reveals that many say they are making decisions for their business in isolation, with limited awareness of the broader consequences.
Takaful
Takaful International Company (GIG Bahrain Takaful) has announced a total net profit before tax for the first three quarters of this year (3Q2025) of BHD1.248m ($3.3m), compared to BHD1.163m for 3Q2024, representing an increase of 7%.
The Indonesian Shariah Insurance Association (AASI) has outlined several challenges facing Islamic insurers in developing Umrah pilgrimage insurance.
Bank Negara Malaysia (BNM) plans to issue a policy document on the broader application of ta`awun (mutual assistance) in takaful by the end of this year.
Pak-Qatar Family Takaful (PQFTL), a Shariah-compliant insurance company, has filed a draft prospectus for an initial public offering (IPO).
Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful; ART), among the biggest insurers in Saudi Arabia, is expected to continue its earnings trend over the next two years.
MENA
Islamic Arab Insurance Company (Salama), one of the UAE’s leading takaful providers, has announced that its shareholders have approved a capital reduction and subsequent capital increase as part of a comprehensive plan to restore solvency and reinforce its financial position in line with regulatory requirements of the Central Bank of the UAE.
Takaful
Johannesburg-headquartered African Risk Capacity (ARC) has unveiled its ARC Retakaful Waqf Facility (ARC ReTak), a non-profit, Shariah-compliant initiative expanding climate protection to underserved communities across Africa.