The magazine provides a comprehensive overview and insights into the dynamic Middle East Insurance Industry & Takaful Developments, and the interplay between the two.

The magazine provides a comprehensive overview and insights into the dynamic Middle East Insurance Industry & Takaful Developments, and the interplay between the two.

The magazine provides a comprehensive overview and insights into the dynamic Middle East Insurance Industry & Takaful Developments, and the ...

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UAE: Insurance sector paid COVID-related claims exceeding US$200m in 2021

The Central Bank of the UAE (CBUAE) has disclosed that total paid insurance claims relating to COVID-19 amounted to AED790m ($215m) in 2021, marginally lower than the AED800m paid in 2020.
The Central Bank of the UAE (CBUAE) has disclosed that total paid insurance claims relating to COVID-19 amounted to AED790m ($215m) in 2021, marginally lower than the AED800m paid in 2020.
Article / 16 days ago

Oman: Listed insurers' 2021 profits hit on higher claims as activities return to normal

Listed insurance companies in Oman reported a decline of 46% in aggregate net profit before tax to OMR21m for the year 2021 (2020: OMR39m), according to data compiled...
Listed insurance companies in Oman reported a decline of 46% in aggregate net profit before tax to OMR21m for the year 2021 (2020: OMR39m), according to data compiled...
Article / 1 month ago

MENA: FAIR urges insurers to review technical reserves in the face of inflation challenge

Insurers have to undertake a review of technical provisions as a necessary task so as to minimise the impact of the current global wave of inflation on insurance activities
Insurers have to undertake a review of technical provisions as a necessary task so as to minimise the impact of the current global wave of inflation on insurance activities
Article / 1 month ago

Jordan: Insurance sector affected on multiple fronts by COVID-19 pandemic

Misconceptions exist that the insurance industry benefited from lockdowns on activities during the COVID-19 pandemic, says the director of the Jordan Insurance Federation (JIF), Mr Maher Al-Hussein...
Misconceptions exist that the insurance industry benefited from lockdowns on activities during the COVID-19 pandemic, says the director of the Jordan Insurance Federation (JIF), Mr Maher Al-Hussein...
Article / 2 months ago

Turkey: Agricultural insurance pool receives claims for losses due to recent snowfalls

Tarsim, Turkey's agricultural insurance pool, has said that it expects so far to pay TRY26m ($1.94m) in compensation in respect of 156 claims from producers arising from...
Tarsim, Turkey's agricultural insurance pool, has said that it expects so far to pay TRY26m ($1.94m) in compensation in respect of 156 claims from producers arising from...
Article / 5 months ago

Turkey: Residential property quake insurance pool pays out claims totalling US$84m since its founding

The Turkish Catastrophe Insurance Pool (TCIP) has paid total compensation of TRY1,131m ($84m) in the 21 years since its establishment in 2000, according to data released by the pool...
The Turkish Catastrophe Insurance Pool (TCIP) has paid total compensation of TRY1,131m ($84m) in the 21 years since its establishment in 2000, according to data released by the pool...
Article / 5 months ago

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Highlighted

Kenya: August 2022 general election increases demand for political risk insurance
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Ethiopia: Reinsurers advise insurance firms to avoid new political risks
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DRC: Underperforming insurance market sees high demand for cover of large specialty risks
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Nat CAT: Economic losses in natural disasters rise faster than insured losses
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Afghanistan: Aviation insurers wary of insuring flights into Kabul
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Lebanon: Insurers pay out less than 10% of claims 12 months after Beirut Port blast
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Turkey: Payout for 2020 Izmir quake is highest-ever for Nat CAT insurance pool
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MENA: Nat CATS and the need for risk modelling
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Lebanon: At least 16,000 Beirut Port-related claims amounting to US$1.1bn received
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