MEA: (Re)insurance market set for rising demand and growth in 2025
Source: Middle East Insurance Review | Mar 2025
The Middle East and Africa (MEA) region is poised for economic and (re)insurance market growth in 2025, driven by diversification efforts, infrastructure investments and rising demand for insurance and reinsurance solutions, according to a report released by Gallagher.
Many MEA countries are transitioning towards digital economies, fostering regulatory environments that encourage innovation and investment in smart cities and other digital infrastructure. The GCC insurance sector is attracting substantial investments from international brokers, while (re)insurers that exited the market in 2019 and 2020 are returning, adding to regional capacity and increasing client options, the report said.
However, the report said challenges remain, particularly in the Middle East, where 2024 brought social, economic and geopolitical uncertainties. Regional conflicts, climate concerns and the urgent need for sustainable practices are driving a more sophisticated approach to risk management and insurance, reinforcing the industry’s role in supporting resilience and stability. M