The magazine provides a comprehensive overview and insights into the dynamic Middle East Insurance Industry & Takaful Developments, and the interplay between the two.

Turkiye: Agricultural insurance pool pays out US$1.2m promptly for tornado damage

TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the southern province of Antalya whose crops were damaged by a recent tornado...
TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the southern province of Antalya whose crops were damaged by a recent tornado...
Article / 33 minutes ago

Bahrain: GIG Takaful posts 9% increase in net profit attributable to shareholders in 2023

Takaful International, which is a subsidiary of GIG Bahrain, has posted a net profit attributable to shareholders of BHD937,289 ($2.48m), in 2023, compared to BHD858,000 in 2022, representing an increase of 9%...
Takaful International, which is a subsidiary of GIG Bahrain, has posted a net profit attributable to shareholders of BHD937,289 ($2.48m), in 2023, compared to BHD858,000 in 2022, representing an increase of 9%...
Article / 4 hours ago

South Africa: Biggest insurer posts record profit in 2023

Sanlam, Africa's biggest insurer, has reported record 2023 earnings despite a series of adverse events that impacted the global economy between 2020 and 2022, beginning with the COVID-19 pandemic.
Sanlam, Africa's biggest insurer, has reported record 2023 earnings despite a series of adverse events that impacted the global economy between 2020 and 2022, beginning with the COVID-19 pandemic.
Article / 6 days ago

Jordan: AM Best revises issuer credit rating outlook to 'Stable' for Middle East Insurance Co

The underwriting results of Middle East Insurance Company (MEICO) have been adequate in recent years, as evidenced by a five-year (2018-2022) weighted average combined ratio of 99.6% (as calculated by AM Best), according to the global credit rating agency.
The underwriting results of Middle East Insurance Company (MEICO) have been adequate in recent years, as evidenced by a five-year (2018-2022) weighted average combined ratio of 99.6% (as calculated by AM Best), according to the global credit rating agency.
Article / 8 days ago

Uganda: Regulator urges insurers to consider M&As

There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).
There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).
Article / 12 days ago

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