Artificial Intelligence (AI) and modern technology are reshaping the role of actuaries in the insurance industry; however, there remains a dearth of qualified experts in the Arab world, said speakers at the fourth edition of the International Arab Actuaries Conference in Dubai.
In the Middle East, Saudi Arabia and the UAE both recorded some improvement in court-related complexities, according to Allianz Trade, as compared to 2022.
FinTech company Fawry has signed a strategic partnership agreement with talabat Egypt, an e-commerce platform that operates across MENA.
BMS Group has announced the launch of BMS (DIFC), having secured the necessary licence and regulatory approval.
Podium Underwriting has been launched as a specialist MGA, operating as an appointed representative of Superian Insurance Group.
Markel Insurance, the insurance operations within Markel Group, has appointed Ms Luna Bonifacio as senior claims adjuster. She will be based in Dubai.
Life insurance has evolved to become an indispensable economic and social driver and is no longer a mere financial product, amid the rapid demographic and digital transformations taking place in the Arab region, said speakers at the "Life Insurance Pricing" webinar organised by the General Arab Insurance Federation (GAIF) last week.
Composite insurance rates in the third quarter of this year decreased by 5% in the India, Middle East, and Africa (IMEA) region, at the same pace as in 2Q2025, according to Marsh's "Global Insurance Market Index" for 3Q2025. Rates in IMEA for large and complex organisations are often impacted by the reinsurance market.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Mr Henry Nelson as active underwriter, subject to regulatory approval.
The General Assembly of the Federation of Afro-Asian Insurers and Reinsurers (FAIR) has announced that the next General Conference will be held in the city of Marrakech in Morocco in 2027.