Solidarity Bahrain, the largest insurance company in the kingdom and a subsidiary of Solidarity Group Holding, delivered a robust financial performance in 2025, reflecting both strong organic growth and the successful execution of its strategic expansion initiatives, said the company’s board of directors in a report in the 2025 audited annual financial statements.
The Insurers Federation of Egypt (IFE) is working to broaden the scope of sustainable insurance and advance insurance inclusion, with the aim of ensuring that all citizens have access to insurance services through a range of targeted initiatives.
Dr Khaled Abdel-Ghaffar, Minister of Health and Population, has held discussions with Dr Mohamed Farid, Minister of Investment and Foreign Trade, on the development of the government’s Comprehensive Universal Health Insurance System (UHIS) and enhancing cooperation with the private sector to expand the scope of coverage.
The House of Representatives has approved, by majority vote at least 12 articles of the 2025 Insurance Contracts Law Bill, as submitted by the government, out of a total of 101 articles in the draft legislation.
Gulf Insurance Group (GIG) has announced a net profit of KWD24.7m ($80.3m), for the financial year ended 31 December 2025 (FY2025), 4.6% lower compared to a net profit of KWD25.9m in the previous year.
Morocco’s insurance sector continued to expand in 2025, with the growth of the life insurance business outpacing the non-life segment.
Oman Reinsurance Company (Oman Re), the Sultanate’s first and only reinsurer, has announced strong financial results for the year ended 31 December 2025, reflecting sustained growth, disciplined underwriting and strategic resilience.
Arabia Insurance Cooperative Company (AICC) has announced the termination of the MOU and all negotiations related to the proposed merger with United Cooperative Assurance Company (UCA).
Tunis Re, a leading reinsurer in Africa and the MENA region, has reported total turnover of TND238.4m ($82.7m) for 2025, with the company describing its portfolio as stable compared to 2024.
Insurance companies in Tunisia reported double-digit growth in 2025, on the back of strong performance in the life insurance segment, which currently accounts for over one third of the total market.
Miller, the independent specialist (re)insurance broker, has agreed to acquire Shields Reinsurance Brokers (Shields), an independent reinsurance broker based in Dubai, subject to regulatory approval.
Global
Despite the central role of reinsurance in the global risk transfer system, it remains structurally illiquid. Once placed, almost all reinsurance capital is held to maturity over annual contracts, with limited scope for adjustment, says Howden Re.
The three emerging skillsets reshaping the insurance industry are reimagined practitioners, industry futurists, and change orchestrators, says Aon, a leading global professional services firm with expertise in risk management, human capital and insurance broking.
The rapid deployment of artificial intelligence (AI) has outpaced the insurance market’s ability to address the unique risks it introduces, according to a paper published by Gallagher Re in partnership with Massachusetts Institute of Technology and Testudo.
Takaful
Takaful International Co (GIG Bahrain Takaful), the first Islamic insurance company in Bahrain, has signed a strategic agreement with Bahrain Islamic Bank (BisB).
Prime Insurance Company has been rebranded as Prime Islami Insurance, the company announced.
The Indonesian Shariah Insurance Association (AASI) has said that Shariah insurance or takaful in Indonesia still faces various challenges, particularly from the regulatory framework. Regulation is viewed as inadequate in boosting takaful penetration in the country.
Takaful Malaysia, the pioneer and leading takaful provider in Malaysia, has announced that the Group’s profit before zakat and tax recorded an all-time high of MYR616m ($157m) in the financial year ended 31 December 2025, 7.1% higher than MYR574.9m in 2024.
The Philippine Insurance Commission (IC) has set out guidelines stating that existing regulations, as well as other issuances by the IC, for conventional insurance and mutual benefit associations (MBAs), shall also apply to all entities with takaful window operations.
Dubai-listed Islamic Arab Insurance Company (SALAMA) has reported a net profit of AED11.09m ($3.02m) for the year ended 31 December 2025.
Uganda’s first takaful company, Tamini General Insurance, has received official authorisation to launch operations.