Jordan's insurance sector reported encouraging growth for the first half of the year, supported by notable increases in medical and life insurance businesses.
The Insurance Authority, in cooperation with the General Directorate of Civil Defence, has announced the launch of the Third-Party Cooperative Insurance Policy for Crowded Places and High-Risk Activities. The insurance will be mandatory pursuant to a Council of Ministers resolution.
The Financial Regulatory Authority (FRA) has approved GIG Insurance-Egypt's capital increase, amounting to EGP150m ($2.97m).