The Algerian Union of Insurance and Reinsurance Companies (UAR) has formed a hub for innovation and artificial intelligence (AI).
The Financial Regulatory Authority (FRA) has issued a resolution, amending some provisions of a 2024 regulation, regarding the controls for granting and maintaining licences for companies operating in non-banking financial activities, including insurance.
Post Investment Company -- the investment arm of the Egyptian Post -- and AXA Egypt plan to obtain the final licence for Sawa Microinsurance Company and launch the joint venture in the second quarter of 2026.
The Middle East Insurance Company (MEICO) announced a strategic decision to fully discontinue its motor insurance licence effective 1 January 2026, following an in-depth study by the board of directors and executive management.
Kuwait’s Ministry of Health has introduced new regulations to hike health insurance premiums for expatriate residents, which will ease government budgetary pressure and support the private health insurance sector.
Lebanon ranked 64th out of the 72 largest insurance markets worldwide in terms of premiums in 2024, 37th among 45 emerging markets, and 10th among 13 Arab markets.
The bancassurance sector in Morocco maintained its growth momentum, registering a 6.6% increase in 2024.
Oman’s Head of State, Sultan Haitham bin Tarik, who is also the country’s Prime Minister, has issued a Royal Decree establishing the International Financial Centre of Oman (IFC Oman) and enacting its own dedicated law.
The Palestine Capital Market Authority (PCMA) has issued a resolution, setting out the requirements for the appointment of senior executive management and key employees in insurance companies.
Chubb Arabia Cooperative Insurance has announced that its board of directors has granted in-principle approval to participate in a 10% equity investment in a new reinsurance company in Saudi Arabia.
The board of Bupa Arabia for Cooperative Insurance Co (Bupa Arabia), one of Saudi Arabia’s biggest insurers, has recommended a corporate restructuring consisting of a demerger into two companies.
The Tunisian Insurance and Reinsurance Company (Star Assurances) has announced two major decisions concerning its share capital which would be implemented soon.
The Turkish insurance market generated total premiums of TRY1.22tn ($28.3bn) in 2025, shooting past the TYR1tn milestone, according to statistics released by the Insurance Association of Turkiye (TBS). The total represents a 45.8% nominal increase compared to 2024.
2026 is poised to be a year of significant growth for the insurance sector in terms of risk management, digital transformation and sustainability, according to the President of the Insurance Association of Turkiye (TSB), Mr Ugur Gulen, outlining his expectations of the industry for 2026.
The UAE insurance industry will witness further growth and development in 2026 and thereafter, Mr Khaled Mohammed Al Badi, Chairman of the Emirates Insurance Federation (EIF) and the Gulf Insurance Federation, has said.
Global
Global reinsurers’ profitability will decline but remain strong in 2026, as 1 January contract renewals confirmed further reductions in risk-adjusted prices across most lines, according to Fitch Ratings.
Underwriters are expected to focus on AI risk management this year, says Gallagher in a report on the cyber insurance market.
Insurers need to focus on three interconnected imperatives to stay competitive in today’s evolving landscape that is driven by the push for stronger engagement, innovation and customer value, according to Capgemini Research Institute.
The results of tests of a green insurance system show that insurance could facilitate the experimentation and adoption of innovations and practices that reduce pesticide use.
Takaful
The takaful sector experienced steady growth during 2025, with global takaful assets expanding at an estimated rate of 15–17% year on year, according to Mr Zubair Mughal, an expert in Islamic banking and finance.
Wethaq Takaful Insurance Company-Egypt (Wethaq Egypt) aims to increase its issued capital to EGP750m ($15.9m) within the next three years to boost its financial solvency and support future growth plans, according to Mr Antar Gad, the company’s Chairman.
Shareholders of Misr Emirates Life Takaful–SALAMA (METLICO) have approved increasing the company’s authorised and paid-up capital to EGP400m ($8.4m) at an extraordinary general assembly meeting.
The Islamic insurance industry in Indonesia will be tested in various fundamental areas as it enters 2026, according to the Head of the Islamic Reinsurance Research and Development Division of the Indonesian Islamic Insurance Association (AASI), Ms Tati Febriyanti.
Kuwait’s Insurance Regulatory Unit (IRU) has issued a resolution to establish a Shariah supervisory advisory committee to review regulatory decisions related to takaful insurance and Shariah-compliant insurance activities.
Insurance Commissioner, Mr Olusegun Ayo Omosehin, has advised takaful players be ready to tackle key challenges confronting the market, through increased participation and awareness creation.
Takaful Oman Insurance has issued and listed its Series 2 perpetual sukuk from which it raised OMR6m ($15.6m).
Pak-Qatar General Takaful Limited (PQGTL) launched its Initial Public Offering (IPO) on the Pakistan Stock Exchange (PSX) to raise up to PKR420m ($1.5m). The overall issue was subscribed over 10 times.
Pak-Qatar Family Takaful (PQFTL) made its debut on the Pakistan Stock Exchange (PSX) on 31 December 2025. It is the only dedicated family takaful operator to list on the bourse.
Participation insurance (takaful) companies generated TRY59.6bn ($1.38bn) in contributions aduring the first 11 months of 2025, climbing by 22.6% in real terms compared to the corresponding period of 2024, according to data released by the Insurance Association of Turkiye.