TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
Saudi Arabia: Govt to insure historical sites
The Ministry of Culture and the Insurance Authority are working together on a project to insure historical buildings.
The Ministry of Culture and the Insurance Authority are working together on a project to insure historical buildings.
Article / 7 hours ago
Global takaful market exceeds US$30bn and continues growing
The takaful sector remains a small player within Islamic finance, accounting for less than 2% of the total market. Despite this, the global takaful market surpassed $30bn in 2023, according to the Arab Monetary Fund (AMF).
The takaful sector remains a small player within Islamic finance, accounting for less than 2% of the total market. Despite this, the global takaful market surpassed $30bn in 2023, according to the Arab Monetary Fund (AMF).
Article / 1 day ago
Middle East: S&P says insurers currently broadly unaffected by Israel-Hamas conflict
The Israel-Hamas war is expected to continue over 2024, and Gaza will remain the epicentre, with continued pressure on Israel (AA-/Negative/A-1+) from Iran (unrated) and its proxies, according to S&P Global Ratings (S&P).
The Israel-Hamas war is expected to continue over 2024, and Gaza will remain the epicentre, with continued pressure on Israel (AA-/Negative/A-1+) from Iran (unrated) and its proxies, according to S&P Global Ratings (S&P).
Article / 3 days ago
Oman: Call for action amidst flood carnage
Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April.
Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April.
Article / 7 days ago
Middle East: Iran's attack on Israel tests sovereign ratings in the region
Iran's unprecedented military action against Israel raises the risk of a sharp escalation in the conflict between Israel and Hamas
Iran's unprecedented military action against Israel raises the risk of a sharp escalation in the conflict between Israel and Hamas
Article / 8 days ago
AMAN UNION and ICISA collaborate to advance credit insurance initiatives
AMAN UNION and the International Credit Insurance & Surety Association (ICISA) have announced a Joint Strategic Collaboration aimed at fostering mutual cooperation and knowledge sharing in the realm of trade and investment insurance.
AMAN UNION and the International Credit Insurance & Surety Association (ICISA) have announced a Joint Strategic Collaboration aimed at fostering mutual cooperation and knowledge sharing in the realm of trade and investment insurance.
Article / 9 days ago
Algeria: Prospects seen as upbeat for takaful business
Takaful, an emerging insurance branch gaining ground in Algeria, is expected to increase its share of the insurance market thanks to growing demand boosted by the benefits introduced by the 2024 finance law...
Takaful, an emerging insurance branch gaining ground in Algeria, is expected to increase its share of the insurance market thanks to growing demand boosted by the benefits introduced by the 2024 finance law...
Article / 16 days ago
UAE: Listed insurers post higher combined insurance revenue and pre-tax profits but credit risk looms
The combined insurance revenue of listed insurance companies in the UAE saw a 20% surge to AED30bn ($10.9bn) in 2023, compared to AED25bn in 2022...
The combined insurance revenue of listed insurance companies in the UAE saw a 20% surge to AED30bn ($10.9bn) in 2023, compared to AED25bn in 2022...
Article / 17 days ago
Turkiye: Insurance association head presents industry report card and wishlist
The insurance market in Turkiye generated a total premium income of TRY483bn ($15.1bn) in 2023, an increase of 105% compared to 2022, Mr Ugur Gulen...
The insurance market in Turkiye generated a total premium income of TRY483bn ($15.1bn) in 2023, an increase of 105% compared to 2022, Mr Ugur Gulen...
Article / 21 days ago
Saudi Arabia: Combined profit of listed insurance sector jumps multifold to nearly US$900m in 2023
Listed insurance companies in the Saudi market saw stellar growth in 2023, as their combined profits soared to SAR3,353m ($894m), compared to profits of less than SAR320m in 2022...
Listed insurance companies in the Saudi market saw stellar growth in 2023, as their combined profits soared to SAR3,353m ($894m), compared to profits of less than SAR320m in 2022...
Article / 21 days ago
