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Aug 2026

News


MENA

Middle East: 1 July renewal rates drop 10-15% as focus stays on reinsurance continuity

Reinsurance renewals in the Middle East remain concentrated on ensuring continuity of cover for clients amid the evolving geopolitical tensions between Iran and the US, according to Guy Carpenter, a global risk and reinsurance specialist and a Marsh business.
 


Algeria to combat wildfires with high tech as alert hits max level

The Algerian government is working to build a national high-tech platform for monitoring forest fires, to fight wildfires in the country.
 


Bahrain: AWRIS shows strong 2025 growth driven by higher premiums and investment returns

The Arab War Risks Insurance Syndicate (AWRIS) delivered strong financial performance for 2025, with net premiums rising by 22.4% and net profit increasing by 20.6% compared with the previous year.
 


Egypt: Insurance federation urges alignment with national strategy to drive growth

The Insurers Federation of Egypt (IFE) has called for deeper integration of the insurance sector into national economic strategies, framing the industry as a vital pillar of macroeconomic stability and risk mitigation rather than a simple loss-compensation tool.
 


Jordan: Insurers review central bank's proposed solvency reforms

The Finance Committee of the Jordan Insurance Federation (JIF) is reviewing a proposed new model and guidelines to overhaul how insurers calculate their solvency margins.
 


Kuwait: Insurance industry shrinks 12% in FY2026 with the end of Afia health plan

Gross written premiums in Kuwait’s insurance market fell in the fiscal year ended 31 March 2026 (FY2026), with the decline attributed largely to the health insurance business, according to the Insurance Regulatory Unit’s latest Annual Report.
 


Morocco: Insurance Federation studies ways to increase professional expertise

The Moroccan Insurance Federation (FMA) has launched a consultation exercise to study, analyse and strengthen the role of insurance experts in the Moroccan insurance sector.
 


Palestine: Insurance federation drives industry modernisation

The Palestinian Insurance Federation (PIF) has outlined its ongoing developmental initiatives and  the enhancement of its role in representing Palestinian insurance companies, in a comprehensive review of its work in 2025.
 


Saudi Arabia: Shura Council urges insurance regulator to improve elderly coverage and address market gaps

Saudi Arabia’s 151-member Shura Council or Consultative Assembly has called on the Insurance Authority to study the challenges faced by the elderly in obtaining adequate insurance coverage.
 


Tunisia: Labour union calls for insurance and protection for gig workers

A study by the research department of the Tunisian General Labour Union (UGTT), the largest trade union organisation in the country, has laid bare the severe social, economic, and safety challenges confronting digital platform workers.
 


Turkiye: Police bust US$4.3m motor insurance fraud ring

Turkish authorities have busted an Izmir-based criminal organisation, which is alleged to have defrauded insurance companies of approximately TRY200m ($4.3m) by staging fake traffic accidents.
 


UAE: Dental market lacks pricing transparency and quote logic, report finds

While dental treatment prices are widely visible online in Dubai, the underlying logic behind those quotes remains chronically unclear to patients, according to a new study by specialised dental guidance platform LumiQuest Dental Circle.
 


Global

Insurers mitigate silent cyber risk by increasingly providing explicit standalone policies

Conflicts involving cyber operations, sanctions and proxy attacks are complicating the enforcement of war exclusions and creating uncertainty around claims outcomes, says the International Association of Insurance Supervisors (IAIS) in its “Global Insurance Market Report (GIMAR) Mid-year update”.
 


Motives for buying cyber insurance highlight its growing relevance in private lives

Cyber risks are affecting more and more people in their everyday lives, often without them realising how exposed they are, says global reinsurer Munich Re.
 


Takaful

Algeria: Takaful business surges in 1Q2026

Takaful contributions in the Algerian market jumped by 53% in 1Q2026 to DZD358.3m ($2.7m), compared to 1Q2025, according to data from the National Insurance Council (CNA).
 


Kuwait: Wethaq Takaful clinches Moody's rating upgrade as pressure on capital eases

Moody’s Ratings (Moody’s) has upgraded Wethaq Takaful Insurance Company’s (Wethaq) Insurance Financial Strength Rating (IFSR) to ‘B1’ from ‘B2’, and changed the outlook to ‘Positive’ from ‘Negative’.
 


Kuwait: First Takaful Insurance receives Moody's rating on asset quality

Moody’s Ratings has assigned a ‘Ba2’ Insurance Financial Strength Rating (IFSR) with a stable outlook to Kuwait-based First Takaful Insurance Company. The rating reflects the insurer’s diversified product offering, adequate asset quality, a modest capital buffer following a KWD6m ($19.4m) capital injection by shareholders, and financial flexibility supported by its recent equity raise and listing on Boursa Kuwait.
 


Kyrgyzstan: National insurer shares experience in takaful

The State Insurance Organisation (GSO), the leading national insurer in the Kyrgyz Republic, has shared its experience in the development of takaful in the country.
 


Malaysia: General takaful leads industry growth with 12.38% jump, outpacing family segment

The Malaysian takaful industry grew by 4.73% year on year in 2025, with total gross contributions reaching MYR16.38bn ($4.02bn), according to the Malaysian Takaful Association (MTA).
 


Saudi Arabia: Al Rajhi Takaful doubles share capital

Shareholders of Al Rajhi Takaful Company, one of the biggest insurers in Saudi Arabia, have approved an increase in the company’s capital by 100% to SAR2bn ($533m). The approval was given at an extraordinary general meeting in June.
 


Turkiye to establish itself as a regional takaful centre

Türkiye is actively pursuing new measures to increase the inclusivity of its financial ecosystem, including strengthening the regulatory infrastructure and framework for takaful (participation insurance).