Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
Egypt: Parliament passes law to provide insurance for state-owned airline's Russia flights
Egypt's Parliament has passed a government-drafted law on providing insurance to state-owned EgyptAir to ease difficulties faced by the national airline amid the Russia-Ukraine war...
Egypt's Parliament has passed a government-drafted law on providing insurance to state-owned EgyptAir to ease difficulties faced by the national airline amid the Russia-Ukraine war...
Article / 2 years ago
Afghanistan: Aviation insurers wary of insuring flights into Kabul
Aviation insurers are unwilling to insure commercial flights into Afghanistan because of the risk of attacks after US troops left the country...
Aviation insurers are unwilling to insure commercial flights into Afghanistan because of the risk of attacks after US troops left the country...
Article / 3 years ago
Egypt: Insurance federation suggests insurers keep track of satellite insurance
The Insurance Federation of Egypt (IFE) has recommended that Egyptian insurers monitor global developments so as to develop the local market for space and satellite insurance....
The Insurance Federation of Egypt (IFE) has recommended that Egyptian insurers monitor global developments so as to develop the local market for space and satellite insurance....
Article / 3 years ago
Jordan: COVID-19 causes 3.5% drop in total premiums in insurance market in 2020
Total insurance premiums in Jordan fell by 3.5% last year to JOD594m ($838m), compared to...
Total insurance premiums in Jordan fell by 3.5% last year to JOD594m ($838m), compared to...
Article / 3 years ago
Turkey: State owned insurer clinches deal to insure satellites
State owned Turkiye Sigorta (Turkey Insurance) has signed agreements with Turkey's only...
State owned Turkiye Sigorta (Turkey Insurance) has signed agreements with Turkey's only...
Article / 3 years ago
Turbulent times in a hard market
The aviation sector is in for another rough ride as insurers are forced to push for significant rate increases at the 1/1 renewals...
The aviation sector is in for another rough ride as insurers are forced to push for significant rate increases at the 1/1 renewals...
Article / 3 years ago
Saudi Arabia: Regulator gives green light to insurers to cover licensed drones
The Saudi financial regulator has given clearance for drones to be covered by insurance provided they are licensed for a specified activity...
The Saudi financial regulator has given clearance for drones to be covered by insurance provided they are licensed for a specified activity...
Article / 4 years ago
Nigeria: Aviation insurers count COVID-19 losses
With the cancellation of local and international flight operations to curb the spread of the COVID-19 pandemic, aviation insurers are beginning to tote up their losses...
With the cancellation of local and international flight operations to curb the spread of the COVID-19 pandemic, aviation insurers are beginning to tote up their losses...
Article / 4 years ago
Iran: Govt to pay more than US$100m for downed airliner
The Iranian government will pay $100-$150m in compensation for the Ukrainian plane which was accidentally shot down on 8 January by an Iranian-fired missile, the deputy chairman...
The Iranian government will pay $100-$150m in compensation for the Ukrainian plane which was accidentally shot down on 8 January by an Iranian-fired missile, the deputy chairman...
Article / 4 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 / 4 years ago