The Moroccan insurance industry has entered into a new phase of uncertainty, in the wake of the outbreak of armed hostilities in the Middle East, according to Mr Mohamed Hassan Bensalah, President of the Moroccan Insurance Federation (FMA).
The Egyptian government intends to complete the initial public offering of state-owned Misr Life Insurance Company, Egypt's biggest life insurer, before the end of June 2026, according to the Minister of Investment and Foreign Trade, Dr Mohamed Farid.
Turkiye Sigorta, the country's biggest non-life insurer, has decided to double its paid-in capital to TRY20bn ($446m) through a 100% bonus issue, with funds to be transferred from retained earnings.
The Saudi authorities have launched Ta'amman, the first independent digital platform dedicated to raising insurance awareness across all segments of society.