Oman Re, the Sultanate's first and only reinsurer, has announced a robust increase in its reinsurance revenue, reaching OMR49.9m ($129.8m) for the fiscal year ended 31 December 2024 (FY2024).
The Financial Regulatory Authority (FRA) has announced that its board has made decisions on new rules for calculating and forming technical provisions by property and liability insurance companies and life insurance companies.
Saudi Enaya Cooperative Insurance Company and Salama Cooperative Insurance Company have issued separate statements announcing the signing of a non-binding Memorandum of Understanding (MoU) on 25 February 2025 to evaluate a potential merger between the two companies.
Liva Group, a leading insurance group operating across the GCC, and Relm Insurance -- a specialist insurer dedicated to emerging sectors -- yesterday signed a strategic partnership to empower innovation and entrepreneurship in emerging sectors such as digital assets, AI, biotech and the space...