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Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Mar 2025

March-Home

Editor's Letter

From globalisation to fragmentation

Market Profile

Saudi Arabia

Reinsurance brokers can help L&H insurers adapt

Regulatory shifts shaping Saudi Arabia's insurance future

Bright prospects for Saudi reinsurance sector

Building a better industry

Opportunities abound but challenges loom

Brokers central to Vision 2030 insurance goals

Insurance

General

InsurTech: Bridging the EV coverage gap

Is the Middle East ready for EVs?

Rapid growth of EVs to spur MENA insurance

EVs and insurance: Preparing for growth in MENA

Middle East and Africa: An evolving political violence landscape

2025 MEA insurance outlook: Risks and prospects

EVs in MENA: A holistic view

Takaful

Takaful broking growing slowly but surely

Demand for shariah-compliant alternative investments

Brokers poised to spearhead takaful growth

Reinsurance

Reinsurance capacity holds strong despite Nat CAT pressures

MENA brokers adapt amidst rising risks and rates

Notebook

Egypt: Federation celebrates 70 years of insurance innovation

India's time on the world insurance stage has arrived

News

MENA

MEA: (Re)insurance market set for rising demand and growth in 2025

MENA: Political violence rates set to increase in 2025

MENA: 2025 outlook stable on growth and reforms despite geopolitics

Algeria: Steady growth expected to continue

Bahrain: Solidarity Bahrain launches new app to incentivise safe driving

Egypt: Government to allocate over $1bn to upgrade healthcare facilities across six governorates

Egypt: Senate considers debate on insurance competitiveness

Jordan: Central bank to liquidate Arab Union International Insurance (AUII)

Jordan: GlobeMed Jordan hosted its annual dinner, wrapping up 2024

Kuwait: 11 government agencies to stop offering employee health insurance

Kuwait: Insurance unit introduces new rating standards for foreign providers

Morocco: Cyber emerges as top risk for operating businesses

Oman: Omani insurers report 46% decrease in results

Qatar: Workers' support and insurance fund benefits 130,000 workers

Saudi Arabia: Al Etihad and Al Rajhi sign bancassurance agreement

Saudi Arabia: Employers penalised for failing to provide health insurance to workers

UAE: Insurer uses AI to eliminate medical exams in life insurance underwriting

UAE: ADNIC posts record-breaking performance in 2024

UAE: New insurance premium payment rules now in effect

Global

Global: Opportunities amid dynamic risk environment

Global: Commercial insurance rates decline 2% for second consecutive quarter

Global: Cyber market pegged at $16.6bn in 2024

Global: Geopolitical uncertainty accelerating cyber crime risk for banks, insurers

Takaful

Bahrain: Takaful International's net profit rises by 9% in 2024

Burkina Faso: Takaful finds its way to the market

Egypt: Misr Takaful surplus jumps by 247% in 2024

Jordan: Islamic Insurance profit rises by 13% in 2024

Oman: Takaful Oman, Oman Arab Bank form bancassurance partnership

MENA

Qatar: QIIC and Alkhaleej maintain profitability in 2024

Read the latest edition of AIR and MEIR as an Interactive e-book

Saudi Arabia: Insurers with reinsurance licenses expect significant increase in revenue due to new reinsurance regulation

Source: Middle East Insurance Review | Dec 2024

The Insurance Authority is requiring that at least 30% of all reinsurance treaties (proportional and non-proportional) be ceded to licensed reinsurance companies in the kingdom.

The reinsurance requirement, effective in January 2025, aims to increase local reinsurance activity in the country. Local licensed reinsurance companies have the priority to accept or decline the cessions. M

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