The combined net profits of eight listed insurance companies in Oman reached OMR17.8m ($46.3m) in 1H2025, from a net loss of OMR10.6m in 1H2024, according to Badri Management Consultancy, an international actuarial and risk consulting firm.
Eight out of the nine reinsurance companies established in Indonesia have met the first phase of minimum capital requirements (MCR) for 2026, according to data from the Financial Services Authority (OJK) as of the end of May 2025.
The Turkish insurance sector demonstrated strong growth in the first half of 2025, according to data released by the Insurance Association of Turkiye (TSB).The overall real growth rate for the insurance industry was 12.3%.
Sukoon Insurance (the Group) showed favourable results and forward momentum in the first half of 2025 across all dimensions of its business.
The operating performance of Egyptian Takaful Properties and Liabilities Insurance Company (EGTAK) is assessed as adequate, says AM Best. The company reported a five-year (2020-2024) weighted average return-on-equity ratio and combined operating ratio of 24.7% and 98.5%, respectively.
The National Pension Authority (NPA) is set to introduce an "Islamic version" of its universal pension scheme to increase its acceptance and uptake among Muslims.
The Financial Services Authority (OJK) continues to encourage Shariah insurance companies to develop products for the halal industry, in line with the 2023-2027 roadmap for the development of the Indonesian Insurance Industry.
The General Authority of the Dubai Court of Cassation has ruled that takaful companies and Islamic banks may not demand late payment interest resulting from a customer's failure to pay a takaful contribution or repay a loan, even if the interest charged is called by another name.
The Central Bank of Somalia (CBS) has announced the formal commencement of the licensing process for takaful service providers, following the enactment of the National Takaful Law in May 2025, said the Bank in a press release on 13 July.
Salama, one of the world's largest and longest-established Shariah-compliant takaful solution providers, has partnered with Policybazaar.ae, a leading and regulated digital insurance broker in the UAE, in a landmark move to increase life insurance penetration in the UAE.