Despite the steady growth of the takaful industry, the development of the regulatory legislative framewor...
Saudi Arabia: Finance Minister announces independent unified insurance regulator to be established
The authorities in Saudi Arabia have approved the establishment of an independent regulatory authority to oversee the insurance sector and act...
The authorities in Saudi Arabia have approved the establishment of an independent regulatory authority to oversee the insurance sector and act...
Article / 21 hours ago
South Africa: Takaful offers insurers opportunities in a niche market
Currently, in South Africa, there are only a few companies that offer takaful products, and this creates an opportunity for businesses to think of expanding into a niche market...
Currently, in South Africa, there are only a few companies that offer takaful products, and this creates an opportunity for businesses to think of expanding into a niche market...
Article / 3 days ago
Morocco: Leading reinsurer expands to Azerbaijan
Société Centrale de Réassurance (SCR), a leading reinsurer in Morocco and the second-largest Africa-based reinsurer, is expanding overseas by taking its underwriting activities to the Azerbaijani market.
Société Centrale de Réassurance (SCR), a leading reinsurer in Morocco and the second-largest Africa-based reinsurer, is expanding overseas by taking its underwriting activities to the Azerbaijani market.
Article / 4 days ago
Morocco: Wafa insurance group posts strong 1H financial results
The Wafa Assurance Group, which has a leading position in the Moroccan insurance market, has posted sharply higher results for the first half of 2022...
The Wafa Assurance Group, which has a leading position in the Moroccan insurance market, has posted sharply higher results for the first half of 2022...
Article / 8 days ago
UAE: Emirati insurance market large enough to have its own major reinsurer
The UAE insurance sector, the largest in the Arab world, possesses the necessary elements to establish a major reinsurance company with a subscribed capital of at
The UAE insurance sector, the largest in the Arab world, possesses the necessary elements to establish a major reinsurance company with a subscribed capital of at
Article / 8 days ago
Oman: Restructuring of takaful company bears results
Mr Mohammed bin Abdullah Al-Khonji, chairman and acting CEO of Takaful Oman, has said that the corporate restructuring of the company has led to its improved performance...
Mr Mohammed bin Abdullah Al-Khonji, chairman and acting CEO of Takaful Oman, has said that the corporate restructuring of the company has led to its improved performance...
Article / 15 days ago
Tunisia: Islamic bank gains control of Shariah-compliant insurer
The Financial Market Council (CMF) has given its approval for the Islamic bank, Wifak Bank, to acquire a block of shares in Assurances at-Takafulia...
The Financial Market Council (CMF) has given its approval for the Islamic bank, Wifak Bank, to acquire a block of shares in Assurances at-Takafulia...
Article / 17 days ago
Egypt: Insurance brokers want higher cap on cash commission payments
Insurance brokers in Egypt want insurers to lift the ceiling on cash payments of commissions to EGP1,000 ($52), double the current maximum sum of EGP500.
Insurance brokers in Egypt want insurers to lift the ceiling on cash payments of commissions to EGP1,000 ($52), double the current maximum sum of EGP500.
Article / 22 days 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 / 22 days ago
Turkiye: Govt-owned reinsurer upbeat about financial performance in 2022
State-owned Turk Reasurans predicts that it will close this year with better financial results than in 2021...
State-owned Turk Reasurans predicts that it will close this year with better financial results than in 2021...
Article / 23 days ago
