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

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Tanzania: 22 insurers form oil & gas consortium to retain business in the country

Tanzania: 22 insurers form oil & gas consortium to retain business in the country

A consortium of 22 insurance companies in Tanzania has been formed to work on significant oil and gas projects, including the $30bn Lindi's Liquefied Natural Gas (LNG) project and the $3.5bn East African Crude Oil Pipeline.
A consortium of 22 insurance companies in Tanzania has been formed to work on significant oil and gas projects, including the $30bn Lindi's Liquefied Natural Gas (LNG) project and the $3.5bn East African Crude Oil Pipeline.
Article / 1 year ago
Turkey: State-owned insurer provides cover for newly discovered gas wells

Turkey: State-owned insurer provides cover for newly discovered gas wells

State-owned Turkiye Sigorta is providing insurance coverage to the Amasra-1 well in the offshore Black Sea northern Sakarya Gas Field where 135bn cubic meters of gas was discovered recently...
State-owned Turkiye Sigorta is providing insurance coverage to the Amasra-1 well in the offshore Black Sea northern Sakarya Gas Field where 135bn cubic meters of gas was discovered recently...
Article / 3 years ago
MENAP: IMF says oil exporters would see fall in oil revenue of over US$270bn this year

MENAP: IMF says oil exporters would see fall in oil revenue of over US$270bn this year

Oil export receipts in oil exporting countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, are projected to decline by more than $270bn in 2020 relative to 2019...
Oil export receipts in oil exporting countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, are projected to decline by more than $270bn in 2020 relative to 2019...
Article / 4 years ago

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Turkiye: Agricultural insurance pool pays out US$1.2m promptly for tornado damage
Turkiye: Agricultural insurance pool pays out US$1.2m promptly for tornado ...
TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
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Turkish insurers cover insured losses estimated at more than $5bn from Kahramanmaras Earthquake
Turkish insurers cover insured losses estimated at more than $5bn from Kahr...
Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
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Egypt: Gaza conflict pushes demand for political violence insurance up by 25%
Egypt: Gaza conflict pushes demand for political violence insurance up by 2...
The demand for political violence insurance coverage has increased by 25% during the current period due t...
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Middle East: Events in Gaza cast a shadow over Arab insurance markets
Middle East: Events in Gaza cast a shadow over Arab insurance markets
The insurance sector is anticipating an increase in the prices of political violence coverage in the regi...
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Morocco: Earthquake in High Atlas mountains claims more than 2,000 lives
Morocco: Earthquake in High Atlas mountains claims more than 2,000 lives
A powerful earthquake that struck the Ighil region of the High Atlas in central Morocco on 8 September ha...
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Saudi Arabia: Vision 2030 strategy to open up huge opportunities to insurers
Saudi Arabia: Vision 2030 strategy to open up huge opportunities to insurer...
Saudi Arabia's Vision 2030 strategy for diversifying its economy involves multiple projects that will cre...
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African insurers cite drought as top risk in agriculture
African insurers cite drought as top risk in agriculture
The top three risks to agriculture in several African countries are drought, followed by floods and extre...
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Turkiye: Nuclear plant insured for nearly US$800m
Turkiye: Nuclear plant insured for nearly US$800m
Akkuyu Nuclear Power Plant (Akkuyu NPP), billed as Turkiye's first nuclear power plant, is insured for nu...
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Turkiye: Insurers expect to settle 95% of claims from 6 Feb quakes by June
Turkiye: Insurers expect to settle 95% of claims from 6 Feb quakes by June
The Turkish insurance industry has assessed that it will be able to pay - by the end of June 2023 - 95% o...
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Turkiye: Regulator addresses quake insurance shortcomings in wake of 6 Feb disaster
Turkiye: Regulator addresses quake insurance shortcomings in wake of 6 Feb ...
Improvements will be made to the systems or infrastructure at the Turkish Catastrophe Insurance Pool (TCI...
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