Insurance rates in the first quarter of 2024 declined 2% in the IMEA region, where rates for large and co...
Egypt: Insurance association studies disaster bonds
The Insurance Federation of Egypt (IFE) is preparing a study on natural disaster bonds and the challenges of their application.
The Insurance Federation of Egypt (IFE) is preparing a study on natural disaster bonds and the challenges of their application.
Article / 10 months ago
Turkey: Payout for 2020 Izmir quake is highest-ever for Nat CAT insurance pool
The Turkish Natural Catastrophe Insurance Pool (TCIP) has paid a total of TRY640m ($75m) for damage caused by two major earthquakes in 2020...
The Turkish Natural Catastrophe Insurance Pool (TCIP) has paid a total of TRY640m ($75m) for damage caused by two major earthquakes in 2020...
Article / 3 years ago
Morocco: Reinsurance being arranged for disaster insurance fund
The Moroccan insurance market has set up an insurance scheme to cover three kinds of natural catastrophes besides terrorism...
The Moroccan insurance market has set up an insurance scheme to cover three kinds of natural catastrophes besides terrorism...
Article / 4 years ago
Oman: Reinsurer sees net profits soar by 23% in 2019
Oman Re, the first reinsurance company established in the Sultanate of Oman, has reported a net profit of OMR 814,000 ($2.1m) for the year ended 31 December 2019...
Oman Re, the first reinsurance company established in the Sultanate of Oman, has reported a net profit of OMR 814,000 ($2.1m) for the year ended 31 December 2019...
Article / 4 years ago
Saudi Arabia: Arqaam Capital bullish on Saudi Re
Investment bank Arqaam Capital has named Saudi Reinsurance Company among its preferred picks in the Saudi insurance sector, maintaining a "Buy" recommendation on the national reinsurer....
Investment bank Arqaam Capital has named Saudi Reinsurance Company among its preferred picks in the Saudi insurance sector, maintaining a "Buy" recommendation on the national reinsurer....
Article / 4 years ago
Africa: Free trade agreement will boost continent's reinsurance market
The Africa Continental Free Trade Area Agreement (AFCFTA), will trigger a positive transformation of the reinsurance market in Africa at large, says AM Best...
The Africa Continental Free Trade Area Agreement (AFCFTA), will trigger a positive transformation of the reinsurance market in Africa at large, says AM Best...
Article / 4 years ago
Tunisia: Govt launches Nat CAT disaster insurance fund
The Minister of Agriculture, Water Resources and Fisheries, Mr Samir Bettaieb, has officially launched the Natural Disaster Damages Compensation Fund (Fidac)...
The Minister of Agriculture, Water Resources and Fisheries, Mr Samir Bettaieb, has officially launched the Natural Disaster Damages Compensation Fund (Fidac)...
Article / 5 years ago
Saudi Arabia: Reinsurer more than doubles pre-zakat profit to nearly US$15m for Jan-Sep
Saudi Cooperative Reinsurance has reported an increase of 133% in its net profits before zakat to SAR56.16m ($14.97m) for the first nine months of this year...
Saudi Cooperative Reinsurance has reported an increase of 133% in its net profits before zakat to SAR56.16m ($14.97m) for the first nine months of this year...
Article / 5 years ago
UAE: Malakut arranges reinsurance for space mission involving first Emirates astronaut
Malakut Group of Companies arranged international reinsurance coverage worth $67m for the "Soyuz-FG launch vehicle with Soyuz-MS15 manned spacecraft" that took...
Malakut Group of Companies arranged international reinsurance coverage worth $67m for the "Soyuz-FG launch vehicle with Soyuz-MS15 manned spacecraft" that took...
Article / 5 years ago
MENA: Reinsurers shift portfolios to less volatile segments
Reinsurers in the Middle East and North African region are looking to alter their portfolios in favour of new or less volatile segments, and seeking to diversify their revenue streams, states AM Best...
Reinsurers in the Middle East and North African region are looking to alter their portfolios in favour of new or less volatile segments, and seeking to diversify their revenue streams, states AM Best...
Article / 5 years ago