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May 2026

News


MENA

Algeria: Insurance market could grow gross premiums to around US$8bn

The Algerian insurance market’s potential is around $7-8bn, far more than the “psychological threshold” of DZD200bn ($1.5bn) crossed in 2025, according to Mr Hassan Khelifati, Vice President of the Algerian Union of Insurance and Reinsurance Companies (UAR).
 


Bahrain: FAIR Energy Syndicate's combined ratio averaged 78.6% from 2022-25

Bahrain-based FAIR Oil & Energy Insurance Syndicate has a track record of robust underwriting performance, demonstrated by a four-year (2022-2025) weighted average net/net combined ratio of 78.6%, as calculated by AM Best.
 


Egypt: Life insurance performance weighs on market growth in Jan 2026

Gross insurance premiums in the insurance market in Egypt reached EGP10.9bn ($199m) in the first month of 2026, a 6% decrease from the corresponding month in 2025, according to the Financial Regulatory Authority (FRA).
 


Morocco: ACAPS launches InsurTech, inclusion and innovation programme

Morocco’s Insurance and Social Welfare Authority (ACAPS) is launching a large-scale programme in partnership with the African Development Bank (AfDB), to transform the country’s insurance sector through innovation. 
 


Oman: 2025 momentum propels insurance market in 1Q2026

1Q2026 signals a strong and confident start to the year for Oman’s insurance sector, building on the recovery momentum established in 2025 while introducing a sharper contrast in profitability across market players, according to BADRI Management Consultancy, an international actuarial and risk consulting company. 
 


Qatar: QGRI pushes up listed insurers' combined net profits in 2025

The combined profits in the insurance sector listed on the Qatar Stock Exchange rose by 15.84% to QAR1.5bn ($411m) in 2025 from QAR1.3bn in 2024, according to financial data filed by the companies with the bourse.
 


Saudi Arabia: Insurance Authority announces shift to RBC regime

The Insurance Authority (IA) has announced the transition to the mandatory implementation of the Risk-Based Capital (RBC) framework, effective 1 January 2027. 
 


Turkiye: Real topline performance of insurance market flat in 1Q2026

The Turkish insurance market posted total premiums of TRY396.4bn ($8.8bn) for the first quarter of 2026, a jump of 30.4% year on year, making a strong start to 2026, data released by the Insurance Association of Turkiye indicate.
 


UAE: ADNIC receives licence for branch in India's GIFT City

Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has received the licence to undertake reinsurance business from GIFT City in Gujarat, India’s first International Financial Services Centre (IFSC), effective 1 April 2026.
 


Global

Captives and cells increase roles in the evolution of reinsurance in Latin America

Amidst increasing volatility, pressure on capital efficiency, and a transformation in risk management, captive and cell structures are gaining prominence as strategic tools within the reinsurance market in Latin America, according to Ms Veronica Bersh, Head of ART at Active Re.
 


Data centres fuel growing insurance demand

The data centres powering today’s AI infrastructure are growing in scale and complexity. Construction costs for a single location can reach $20bn and increase further once technology is installed, says Swiss Re Institute (SRI). 
 


CFOs: Creating breakthrough value from finance transformation

Chief Financial Officers (CFOs) in the insurance industry have for years looked to reposition their finance functions as value-creating, strategic partners for the business.
 


Takaful

Algeria: Takaful segment posts over 80% growth

Gross written contributions in Algeria’s takaful segment jumped 84% to DZD1.45bn ($11m) in 2025 from DZD785m in 2024, according to the National Insurance Market Outlook report released by the National Insurance Council (CNA).
 


Bahrain: Takaful International refreshes brand identity

Takaful International Company, a leading provider of Islamic insurance solutions in Bahrain and a member of the Gulf Insurance Group (GIG), has launched its refreshed brand identity. The company will now operate under its established legal name, Takaful International.
 


Egypt: Misr Life Insurance Takaful completes first phase of capital increase

Misr Life Insurance Takaful has increased its issued and paid-up capital to EGP400m ($7.5m), in compliance with the implementation of the first phase of the capital increase plan approved by the Financial Regulatory Authority.
 


Tunisia: Assurances At-Takafulia's net profits climb by 56% in 2025

Assurances At-Takafulia’s net profits climbed by 56.2% to TND1.60m ($540,000) in 2025, up from TND1.02m in 2024, according to financial statements lodged by the company with the Tunis Stock Exchange.
 


Singapore: Etiqa and AIA enter into partnership to distribute takaful products

Etiqa Insurance Singapore and AIA Singapore have announced a strategic distribution partnership to broaden access to Shariah-compliant, values-based takaful solutions in Singapore.
 


UAE: Takaful Emarat reports recovery in financial performance in 2025

Takaful Emarat, a provider of Shariah-compliant life and health insurance in the UAE, has announced strong financial results for 2025.