Oman Re's net profit increased by 153% to reach OMR 298k ($774k) for 1Q2020 compared to OMR118k for 1Q2019, says the reinsurer in a statement.
The Moroccan Federation of Insurance and Reinsurance Companies (FMSAR) has announced that insurers will offer discounts that can reach 30% of premiums on annual motor third party liability insurance policies as well as additional coverage for two months of a coronavirus lockdown.
The overall Lebanese insurance industry saw total life and non-life premiums of $1.63bn in 2019, constituting a decrease of 5% from $1.71bn in the previous year, according to a report in Lebanon This Week published by the Economic Research & Analysis Department of Byblos Bank. In comparison, in...
The fallout from the COVID-19 crisis will accelerate the ongoing M&A discussions in the Saudi insurance...
General (re)insurance broker Pana Harrison (Asia) has announced that the Monetary Authority of Singapore has...
Together with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Deutsche Bank has been mandated by the Ministry of...
The UAE Insurance Authority (IA) is considering to launch a new stimulus package as part of a series of measures to support the insurance sector amid...
The news for insurers in Europe, the Middle East, and Africa (EMEA) during 2020 is likely to be dominated by COVID-19-related insurance claims and...
Aetna International said it is partnering with Wysa, a confidential and anonymous mental wellbeing app and service, as part of the company's ongoing...
Solidarity Bahrain has launched a video medical advice service, 'See a Doctor', to assure the safety of its members, in line with its ongoing...
Saudi Re has appointed two seasoned reinsurance professionals - Dr Peter Hugger and Mr Marc Maupoux - to its board of directors for a three-year term...
Bahrain National Life Assurance (bnl) said it will absorb the full additional insurance costs resulting from mortgage loan deferment for all existing...
Similar to other economic sectors in Algeria, the insurance sector is feeling the impact of the COVID-19 pandemic.
AXA Green Crescent Insurance Co (GCIC) has inked a partnership agreement with yallacompare, a leading financial comparison platform in MENA, to offer...
Africa Re regional director of North East Africa Omar Gouda has announced his retirement after 17 years serving the group. Mr Gouda was also the...
Prudential Uganda and Goldstar Insurance have collaborated to launch a new product, 'COVID19 Group Life Extension Insurance Cover', for groups of...
African Risk Capacity (ARC) could be allowed to expand the scope of its assistance to include provision of rapid financial support during epidemic...
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