As supply uncertainties continue, fuel prices in South Africa are soaring, leading to a rising number of citizens hoarding bulk purchases of petrol.
GlobeMed Iraq, the leading healthcare benefits management company in Iraq, and Alyamama Insurance Company, a prominent insurer in the country, have signed a Third-Party Administrator (TPA) agreement effective 15 January, 2026, reinforcing their shared commitment to advancing health insurance services across Iraq. The signing ceremony was attended by senior executives from both organisations.
Allianz Partners, a world leader in insurance and assistance services, has announced a new strategic reinsurance relationship with Al Koot Insurance, Qatar's leading medical insurance provider.
Zurich Insurance has appointed Mr Digbijoy "Digi" Joseph Shukla as Head of Digital, APAC. In his new role, he will play a central role in shaping Zurich's pan APAC customer and digital agenda, with overall leadership responsibility for Zurich Edge, the company's regional digital and embedded insurance business.
As part of its expansion in Australia, Sompo has recruited a highly experienced team of local underwriters who bring established expertise across property, casualty, financial lines, energy and construction.
Sun Life of Canada (Philippines) has launched Sun Life Premier Legacy to capture growing demand for wealth transfer and legacy planning solutions.
The combined profits in the insurance sector listed on the Qatar Stock Exchange rose by 15.84% to QAR1.5bn ($411m) in 2025 from QAR1.3bn in 2024, according to financial data filed by the companies with the bourse.
The UAE financial system remained resilient in 2025, with improvements across most financial soundness indicators, the Central Bank of the UAE (CBUAE) has said.
Aljazira Takaful Taawuni Company (Aljazira Takaful) has announced that its Board of Directors has approved the resignation of Dr Sager bin Abdullatif Nader Shah from his position as Managing Director and Board Member, as well as from the membership of the Board's subcommittees.
Gulf General Cooperative Insurance Company announced that Mr Anuj Agarwal, CEO, has submitted his resignation with his last working day set for 15 April 2026.