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Nov 2026

News


MENA

Algeria's 2027 Budget proposal paves way for independent insurance regulator

The Finance Law 2027, approved by the Council of Ministers, proposes establishing a new independent authority to be called the Insurance Regulatory and Supervisory Authority.
 


Egypt sets new underwriting and pricing rules for credit & guarantee insurance

The Financial Regulatory Authority (FRA) has issued rules for underwriting and pricing in credit and guarantee insurance policies.
 


Jordan: Central Bank announces new initiatives for online insurance

The Central Bank of Jordan is developing regulatory frameworks to license digital insurance platforms, and updating the legal framework governing online insurance operations, said its Governor, Dr Adel Sharkas.
 


Kuwaiti insurance market driven by underwriting in 1H2026

Kuwait’s listed insurance sector carried firm momentum into the first half of 2026, with aggregate insurance revenue for the eight listed insurers rising by 8% to KWD624m [$2.02bn] (1H2025: KWD577m), according to an analysis by BADRI Management Consultancy.
 


Libya: Insurance federation collaborates with largest Tunisian insurer on capability building

The Libyan Insurance Federation (LIF) has signed a strategic cooperation pact with Tunisia’s STAR Assurances and the African Insurance Institute (IAA).
 


Morocco: Intermediaries pursue new revenue sources

Insurance industry growth in Morocco is insufficient for all intermediaries, a large number of whom are heavily dependent on the motor branch, said Mr Farid Bensaid, President of the National Federation of Insurance Agents and Brokers (FNACAM).
 


Saudi Arabia: Regulator reviews motor insurance pricing system

The Insurance Authority is reviewing the motor insurance pricing mechanism to ensure that insurance companies comply with regulatory standards, and that they set fair and reasonable prices, according to a statement on its website.
 


Tunisia: Motorcycle insurance business surges on expanded engine capacity rules

The total number of insurance policies taken out for two-wheeled motorcycles in Tunisia is expected to reach nearly 40,900 by the end of 2026, representing an increase of around 100% compared to 2025. This indicates accelerated momentum because the number jumped by 27.4% to 20,398 in 2025.
 


Turkiye: Regulator clarifies scope of fire insurance policies

The Insurance and Private Pension Regulation and Supervision Authority (SEDDK)  has published a circular clarifying the scope of fire insurance and how coverage and premium amounts should be displayed in policies.
 


UAE health resilience remains strong though stress affects 82% of residents

Seven in 10 UAE respondents say they can adapt to change, while 69% say they bounce back after illness, injury or other hardship—indicating strong health resilience in the Emirates, according to the Cigna International Health Study 2026.
 


Global

Capacity and intense competition continue to drive broad rate declines in global insurance markets

Global insurance rates continued to decline in the third quarter of this year, down by 5%, marking the ninth consecutive quarter of reductions amid ample capacity across nearly all regions and lines of coverage, according to Marsh’s “Global Insurance Market Index” (GIMI).
 


Distinctive trends observed in 4 African InsurTech hubs


Takaful

Global takaful sector expected to grow at moderate pace

Moody’s Ratings has said that it expects moderate growth in global Islamic insurance premiums over the next two to three years.
 


Global: IFSB issues revised takaful risk management draft

The Islamic Financial Services Board (IFSB) has issued an exposure draft proposing revisions to its risk management standard for takaful undertakings. This reflects developments in international insurance standards and Islamic finance regulation.
 


Ethiopia: Non-life insurer launches takaful window

Zemen Insurance, a private non-life insurer, has launched Imani Takaful, a dedicated Shariah-compliant insurance window, expanding the range of insurance services available to Ethiopia’s Muslim community and other customers seeking Islamic insurance solutions.
 


Kuwait: First Takaful's financial performance boosted by investment results

First Takaful Insurance Company (FTIC) has been assessed as having weak but improving profitability. Credit rating organisation AM Best described its operating performance as marginal. Its weighted average combined ratio stood at 130% over 2023-2025, indicating that claims and expenses exceeded premiums earned. However, its investment yield improved to 5.9% in 2025, up from 4% in 2024. AM Best said it expects investment income to remain a key driver of earnings, although the company’s exposure to equities could lead to fluctuations in results.
 


Kuwait: Zamzam Takaful expected to maintain underwriting profitability

Moody’s Ratings has assigned Zamzam Takaful Insurance Company a ‘B1’ insurance financial strength rating (IFSR) with a stable outlook. The agency expects the insurer to maintain underwriting profitability and adequate capital buffers, supported by a five-year average combined ratio of 89.6% and return on capital of 10.3% as of end-2025.
 


Kazakhstan to expand opportunities for Islamic insurance

Kazakhstan plans to facilitate the development of takaful and expansion of the range of Shariah-compliant insurance products, including allowing the forming of takaful windows.
 


UAE: Orient Insurance to open takaful window

The board of directors of Orient Insurance, the UAE’s biggest insurer in terms of insurance revenue and net profit, has approved the establishment of a takaful window.
 


UAE: SALAMA partners with Ajman Bank to offer property takaful

Insurance provider SALAMA Islamic Arab Insurance Company has teamed up with UAE-based Islamic bank Ajman Bank to offer Shariah-compliant insurance solutions to the bank’s customers. The collaboration starts with property all-risk takaful for home finance customers.