Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
Yemen: Insurance companies exclude war risks in marine insurance policies
Several insurers are excluding war risk in marine insurance policies involving Yemen, after the Houthis who control parts of the country announced on 31 October that they would join the ongoing conflict between Israel and Hamas.
Several insurers are excluding war risk in marine insurance policies involving Yemen, after the Houthis who control parts of the country announced on 31 October that they would join the ongoing conflict between Israel and Hamas.
Article / 4 months ago
Saudi Arabia: Marine insurance coverage instructions take effect
The Saudi Central Bank (SAMA) has announced the issuance of the Marine Insurance Coverage Instructions as part of the ongoing effort to regulate and advance the insurance sector and protect the rights of beneficiaries.
The Saudi Central Bank (SAMA) has announced the issuance of the Marine Insurance Coverage Instructions as part of the ongoing effort to regulate and advance the insurance sector and protect the rights of beneficiaries.
Article / 6 months ago
UAE: Clyde & Co wins landmark DIFC Court of Appeal case with jurisdictional implications for insurers
The Dubai team of the global law firm Clyde & Co has resisted a jurisdictional challenge before the DIFC Court of Appeal in a significant case for the UAE insurance market.
The Dubai team of the global law firm Clyde & Co has resisted a jurisdictional challenge before the DIFC Court of Appeal in a significant case for the UAE insurance market.
Article / 9 months ago
Egypt: Insurers to face tight renewal terms in July
Insurance companies that will be renewing their reinsurance agreements in July are facing tight conditions in the credit, medical, marine, and natural disaster branches.
Insurance companies that will be renewing their reinsurance agreements in July are facing tight conditions in the credit, medical, marine, and natural disaster branches.
Article / 10 months ago
Saudi Arabia: SAMA issues exposure draft of marine insurance regulations
The Saudi Central Bank (SAMA) says that it has been drafting a set of regulations, called "Marine Insurance Coverage Instructions".
The Saudi Central Bank (SAMA) says that it has been drafting a set of regulations, called "Marine Insurance Coverage Instructions".
Article / 11 months ago
UAE: DIFC Courts pronounce landmark decision for regional insurance market
Global law firm Clyde & Co has successfully represented Al Buhaira National Insurance Company (ABNIC) in a significant marine insurance case in the Dubai International Financial Centre (DIFC) Courts.
Global law firm Clyde & Co has successfully represented Al Buhaira National Insurance Company (ABNIC) in a significant marine insurance case in the Dubai International Financial Centre (DIFC) Courts.
Article / 2 years ago
Egypt: Credit & marine insurance lines most affected by Russo-Ukrainian war
Commercial credit insurance and marine insurance -- transporting goods and ship hulls -- and political violence are the...
Commercial credit insurance and marine insurance -- transporting goods and ship hulls -- and political violence are the...
Article / 2 years ago
Jordan: Fire branch cushions fall in insurance industry's total premiums in 1H
Written premiums in the Jordanian market fell by 3% to JOD306.4m ($432m) in the first half of this year, compared to the corresponding period in 2019...
Written premiums in the Jordanian market fell by 3% to JOD306.4m ($432m) in the first half of this year, compared to the corresponding period in 2019...
Article / 4 years ago
Lebanon: Insurers' association estimates up to 30% of blast losses are insured
The Association of Insurance Companies in Lebanon (ACAL) has said that about 70% of the damages resulting from the 4 August devastating explosion in the Beirut port are not...
The Association of Insurance Companies in Lebanon (ACAL) has said that about 70% of the damages resulting from the 4 August devastating explosion in the Beirut port are not...
Article / 4 years ago
Egypt: 4 insurers compete to provide port cover of US$75m
Four Egyptian insurance companies are competing to bid to provide cover for assets and equipment of the state-run Port Said Container and Cargo Handling Co.
Four Egyptian insurance companies are competing to bid to provide cover for assets and equipment of the state-run Port Said Container and Cargo Handling Co.
Article / 4 years ago