Revenue from conventional insurance and takaful activities totalled about EGP65.73bn ($1.3bn) from January to June 2026, 15.7% higher compared to EGP56.81bn in the corresponding half of 2025, according to the Financial Regulatory Authority (FRA).
Compulsory earthquake insurance policies for residential property will automatically terminate upon the transfer of title of the sold property, under a new regulation issued by the Turkish Catastrophe Insurance Pool (DASK).
Sukoon Insurance, a leading insurer in the UAE, and the trade body, Dubai Chambers, have signed a Memorandum of Understanding (MoU) to give members of the Dubai Chamber of Commerce access to customised insurance, investment, and employee benefit solutions.
Lockton Re MENA has appointed Mr Amr Afifi as Head of Life and Health, effective August. Based in the UAE, he joins from RGA MENA where he spent over 10 years as Regional Director - Business Development, Group, Individual (Health & Life) and Credit.