Natural catastrophe insurance premium rates have been revised in Algeria following the issuance of a new decree by the Ministry of Finance, that was published in the Official Gazette.
The Board of Directors of Orient Insurance, the biggest insurer in the UAE, has resolved to recommend increasing the company's paid-up capital by 100% to AED1bn ($272.3m).
The Insurers Federation of Egypt (IFE) has published 11 recommendations to insurance companies covering maritime and transport risks, responding to on-going developments related to the US-Iran war, and the rapid repercussions on maritime and air traffic, international transport and trade routes.