Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
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
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
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
Lebanon: Insurers pay out less than 10% of claims 12 months after Beirut Port blast
Of an estimated $1.1bn in insured losses caused by the 4 August 2020 Beirut Port explosion, only about $100m have been paid to date, according to...
Of an estimated $1.1bn in insured losses caused by the 4 August 2020 Beirut Port explosion, only about $100m have been paid to date, according to...
Article / 3 years ago
Fire at Jebel Ali port under control
A fire caused by an explosion on a small container ship at Dubai's Jebel Ali Port is now under control...
A fire caused by an explosion on a small container ship at Dubai's Jebel Ali Port is now under control...
Article / 3 years ago
UAE: ECI covers over US$1bn of non-oil trade in 1H2020
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued over 1,400 revolving credit guarantees covering AED4bn ($1.1bn) worth...
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued over 1,400 revolving credit guarantees covering AED4bn ($1.1bn) worth...
Article / 3 years ago
Lebanon: Insurers see huge support from reinsurers
Insurers have noticed huge support from reinsurers in relation to insured losses arising from the 4 August Beirut Port explosion, according to Mr Elie Torbey...
Insurers have noticed huge support from reinsurers in relation to insured losses arising from the 4 August Beirut Port explosion, according to Mr Elie Torbey...
Article / 3 years ago
Saudi Arabia: ICIEC signs MoU with Spanish state export credit agency
Jeddah headquartered Islamic Corporation for the Insurance and Investment of Export Credit (ICIEC) has signed a memorandum of understanding with Companía...
Jeddah headquartered Islamic Corporation for the Insurance and Investment of Export Credit (ICIEC) has signed a memorandum of understanding with Companía...
Article / 3 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