MENA's Nat CAT surge
Qatar
Greater personalisation and deeper tech integration transform non-life insurers into risk partners
Profitable life, struggling health
Staying the course of continued profitability
Assuming the InsurTech leadership mantle
Bahrain
Despite challenges, significant opportunities exist in life
Middle East reinsurance market holds steady in a competitive environment
Bahrain insurance sector navigates growth, opportunities and risks
Focusing on emerging risks
Effective CAT modelling for the Middle East
Egypt's IFE plans solutions for Nat CAT coverage
Saudi Arabia: Widespread but under-modelled Nat CAT risks challenge actuaries
Middle East faces growing pressure to close Nat CAT insurance gaps
Ahead of the curve: how (re)insurers in Asia are embracing sustainable risk strategies
Riding market cycles and global volatility
Syria
Syria's insurance industry looks to a new era of optimism
Insurance federation sees a promising road ahead
Regulator kicks off efforts to revive insurance industry
Innovative insurance scheme seen as a bud along path to economic recovery
Maintaining healthy performance
Global expansion of Islamic insurance
Pakistan's regulator outlines transition plan for insurance market's shift to takaful
Takaful in ASEAN prepares for expansion
An InsurTech begins a new journey
Not everyone's specialty, not anyone's game
TPAs coming of age in MENA
View from India
Brokers can have a significant role in improving insurance penetration in rural India
MENA
Algeria: Reinsurer reports 22% jump in net profits to over US$56m in 2024
Egypt: Premium hikes anticipated as Iran-Israeli military conflict escalates
Egypt: 10 July 2026 is new deadline for insurers to comply with Unified Insurance Law
Kuwait: Gulf Insurance Group upgraded to 'A+' on group uplift
MENA: Increased heat linked to rise in cancer rates among women
Morocco: 2025-26 anti-corruption roadmap approved for financial sector
Oman: IAIS assesses as good Oman's observance of Insurance Core Principles
Saudi Arabia: Medical out of ICU, motor back in workshop for repairs
Saudi Arabia: Saudi Arabian units of GlobeMed and Orient Insurance collaborate to offer healthcare services
Tunisia: Tunis Re expected to continue to show strong profitability
Turkiye: Life insurance business generates lower premiums but higher profits
UAE: Health insurer Daman enters P&C sector and rebrands to reflect transformation
Global
Rising demand for insurance forecast to be global phenomenon over the next decade
Demand for political risk insurance up by 33%
Approaches to supply chain insurance coverage reveals consistency and shifts
Dealmakers banking on R&W and W&I insurance
Takaful
Global: Profitability of Islamic insurers varies among regions but structural weaknesses emerge
Global: Solvency of Islamic insurers remains adequate, but pressures evident in weaker markets
Central Asia: Takaful is a budding business in a region with 85% Muslim population
OIC: Trade data point to imperatives for Shariah-compliant export credit insurer
Egypt: Takaful contributions jump by 60% in 1Q2025
Indonesia: Takaful sector eager to have obstacles to market growth removed
Malaysia: Parental influence exerts great impact on purchase of Shariah-compliant financial products
Qatar: Takaful company operating results seen as strong
Turkiye: Details of proposed Islamic finance regulations emerge
Uganda: Regulator expects to license first takaful insurer this year
Products and alliances
People on the move
MARKET PROFILE - Qatar
MARKET SPOTLIGHT - Syria
Syria’s insurance sector is on the threshold of a new era of hope, which would enable providers to rebuild their businesses and support the economy in the coming period.
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GCC
Market consolidation and the enhancement of technological tools are some of the main pressing issues facing the insurance industry as it strives to keep pace with rapid developments in the Middle East region.
The MENA region is entering a new phase of natural catastrophe (Nat CAT) exposure, forcing both insurers and reinsurers to re-evaluate underwriting strategies, portfolio diversification, and the resilience of their risk frameworks.
Developments sweeping the Qatari non-life insurance market such as embedded insurance, higher demand for more personalised products and sustainability, are transforming insurers from mere service providers to risk partners. Nevertheless, while these...
Due to pricing and technology deployment, Qatar’s life business is a profitable one. However, the health branch is struggling due to stiff competition and inflation.
In Qatar, the life and health insurance market endures both low penetration rates and unfavourable cultural perceptions. To raise awareness of the importance of coverage, especially given the rising prevalence of lifestyle diseases, companies must...
As natural disasters grow in frequency and intensity across the Middle East, traditional catastrophe models built for temperate climates are proving dangerously inadequate. From sudden flash floods in desert wadis to the complex seismic activity...
Although Egypt has not experienced major floods or earthquakes in recent years, lessons taken from the September 2023 Al Haouz quake that struck Morocco have led to moves to develop parametric insurance and establish a Nat CAT pool that will offer...
Nat CAT risks in the Kingdom of Saudi Arabia present actuaries with unique and complex challenges, such as longer and hotter summers due to climate change, sparse and inconsistent historical records of events and even region-specific hazards like...
As climate risks escalate across Asia-Pacific, the (re)insurance industry faces mounting pressure to turn sustainability commitments into concrete action. A new panel at SIRC 2025 explores how reinsurers can lead the charge—through innovation,...
The softening of the reinsurance market cycle is not necessarily a disadvantageous development and could be a natural progression after years of hardening in the market.
The Syrian insurance sector has suffered significant damage due to the war and instability that prevailed for more than 13 years until the end of 2024. Recent positive developments in the country, including the lifting of international economic...
The Syrian Insurance Supervisory Commission (SISC), established in 2004 as an independent body to oversee the insurance businesses, is keen on rebuilding the insurance sector that has been broken by a civil war and tough international economic...
As the global landscape for takaful continues to evolve, the interplay between regulatory advancements, technological innovation, and increased market awareness will be pivotal in unlocking the full potential of Islamic insurance.
Source: The Future of Takaful in Pakistan – A Diagnostic Study, SECPThe Securities and Exchange Commission of Pakistan (SECP) and insurance companies are taking proactive steps towards the transition to takaful. The SECP’s report,...
In a panel discussion at InsurTech Connect Asia 2025, experts weighed in on how digitalising the takaful segment could allow operators to reach out to underserved populations, demystify the product and even form a basis for collaboration among...
Indian InsurTech Ensuredit is strategically expanding its footprint into other markets, including the Middle East, through concepts such as embedded insurance.
When risk grows complex, specialisation becomes strategy—and only a few can master it. Clients are demanding more niche expertise; the insurance industry and brokers respond to the opportunities offered by specialisation.
Third-Party Administrators have stepped up their value proposition to insurers in MENA with their market knowledge and accumulated experience. The solutions they provide contain the critical ingredient of trustworthiness as technology makes its...
The Central Reinsurance Company (CCR) has posted net profits of $56.28m in 2024, an increase of 21.8% compared to the $46.22m chalked up in 2023.
The Egyptian insurance industry is monitoring the war in the Middle East between Israel and Iran and its impact on insurance coverage, premium rates and compensation costs.
The Financial Regulatory Authority (FRA) is extending the grace period for insurers to adhere to the Unified Insurance Law by a year, from 11 July.