TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
Middle East: S&P says insurers currently broadly unaffected by Israel-Hamas conflict
The Israel-Hamas war is expected to continue over 2024, and Gaza will remain the epicentre, with continued pressure on Israel (AA-/Negative/A-1+) from Iran (unrated) and its proxies, according to S&P Global Ratings (S&P).
The Israel-Hamas war is expected to continue over 2024, and Gaza will remain the epicentre, with continued pressure on Israel (AA-/Negative/A-1+) from Iran (unrated) and its proxies, according to S&P Global Ratings (S&P).
Article / 2 days ago
Middle East: Iran's attack on Israel tests sovereign ratings in the region
Iran's unprecedented military action against Israel raises the risk of a sharp escalation in the conflict between Israel and Hamas
Iran's unprecedented military action against Israel raises the risk of a sharp escalation in the conflict between Israel and Hamas
Article / 7 days ago
Turkiye: Duration of war risk offers slashed to 24 hours from 7 days
War risk premiums appear to have soared from approximately 0.1% of the value of a ship to 0.7-1%, given the perils faced by commercial ships in the Red Sea, says the Insurance Association of Turkiye (TSB)...
War risk premiums appear to have soared from approximately 0.1% of the value of a ship to 0.7-1%, given the perils faced by commercial ships in the Red Sea, says the Insurance Association of Turkiye (TSB)...
Article / 1 month ago
Egypt: Gaza conflict pushes demand for political violence insurance up by 25%
The demand for political violence insurance coverage has increased by 25% during the current period due to the Gaza War and its repercussions...
The demand for political violence insurance coverage has increased by 25% during the current period due to the Gaza War and its repercussions...
Article / 5 months ago
Lebanon: AWRIS places Lebanon on "Hold cover" status
The Arab War Risk Insurance Syndicate (AWRIS) has placed Lebanon on "Hold cover" status, given heightened risks in the wake of the outbreak of war between Hamas and Israel.
The Arab War Risk Insurance Syndicate (AWRIS) has placed Lebanon on "Hold cover" status, given heightened risks in the wake of the outbreak of war between Hamas and Israel.
Article / 5 months ago
Hamas-Israel war spills over into Lebanese insurance market
A major change in the insurance market in Lebanon is that war risks are no longer covered by new insurance policies, since the outbreak on 7 October of war between Hamas and Israel
A major change in the insurance market in Lebanon is that war risks are no longer covered by new insurance policies, since the outbreak on 7 October of war between Hamas and Israel
Article / 6 months ago
South Africa: Short-term insurance sector faces momentous shift in risk landscape
The tough economic climate and load shedding are the biggest challenges currently affecting South African households and businesses.
The tough economic climate and load shedding are the biggest challenges currently affecting South African households and businesses.
Article / 6 months ago
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 region, including Egypt, in the wake of the Israel-Hamas conflict.
The insurance sector is anticipating an increase in the prices of political violence coverage in the region, including Egypt, in the wake of the Israel-Hamas conflict.
Article / 7 months ago
South Africa: Riots and terrorism insurance market hardens
The riots, strikes and terrorism market in South Africa experienced the first hardening since its birth past 9/11 and continues to harden, says global insurance broker Aon in its "Insurance State of the Market 2023" report.
The riots, strikes and terrorism market in South Africa experienced the first hardening since its birth past 9/11 and continues to harden, says global insurance broker Aon in its "Insurance State of the Market 2023" report.
Article / 8 months ago
MENA: War risk pool receives 'B++' Financial Strength Rating from AM Best on strong operating results
Bahrain-based Arab War Risks Insurance Syndicate (AWRIS) has a track record of strong operating performance, demonstrated by a 10-year (2012-2021) weighted average
Bahrain-based Arab War Risks Insurance Syndicate (AWRIS) has a track record of strong operating performance, demonstrated by a 10-year (2012-2021) weighted average
Article / 1 year ago