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Jordan: Medical insurance spurs growth of insurance market in 1Q

Jordan's insurance market registered double-digit growth in the first quarter of year, driven by the medical insurance branch, while motor insurance continued to account for the largest share of the market's total paid claims.


Kuwait: GIG's net profit nearly doubles in first three months

Gulf Insurance Group (GIG) has announced a net profit of KWD13m ($42m), for the first quarter of 2026, representing a jump of 97.6% or KWD6.4 m, compared to the corresponding quarter last year.

Egypt: Insurance market rakes in total premiums of US$2.5bn in 2025

The insurance industry in Egypt achieved strong growth in 2025, supported by the implementation of the Unified Insurance Law of 2024 and the expansion of the customer base, reflecting the growing role of the sector in supporting financial stability and providing protection for various economic...

Global: Markel Insurance appoints new Head of Global Development for Trade Credit

Markel Insurance, the insurance operation within Markel Group, has appointed Mr Sebastian Rice as Head of Global Development - Trade Credit, International.

Other News

Africa

  • South Africa: 4 in 5 households are underinsured by almost 50% of their assets' actual value

Asia

  • Prudential to acquire 75% stake in India's Bharti Life Insurance
  • Indonesia: OJK grants PSAK 117 reporting relief to insurers
  • Philippines: Insurance sector sees higher penetration amid strong premium growth

China

  • Almost all life insurers clear C-ROSS II solvency hurdles post-transition
  • 67 P&C insurers show profits while 20 suffer losses in 1Q2026
  • 60 unlisted life insurers post double-digit growth in net profit insurance revenue in 1Q2026
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Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

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    ME conflict:Hannover Re sees little impact from Iran war so far

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