S&P Global Ratings (S&P) says that it considers the gravity of the military conflict in the Middle East to have moved from high to severe in its pre-defined scenarios and consequently, the potential for events to weaken credit quality across sectors has increased.
The biggest global repercussions of the ongoing military conflict in the Middle East include the increased risks of terrorism, spikes in reinsurance prices, fluctuations in financial markets and energy prices, and hikes in compensation costs, according to Mr Khaled Abdel-Sadek, a Vice Chairman of the Insurers Federation of Egypt (IFE).
Morocco's insurance sector continued to expand in 2025, with the growth of the life insurance business outpacing the non-life segment.
Last year, major domestic non-life insurers saw their net profits drop by double digits, driven by a KRW400bn ($278m) deficit in auto insurance.
The Competition Commission has recommended that the Competition Tribunal approve the proposed acquisition by Orient Victoria and KP Partners of King Price Financial Services (KPFS) and Porcupine Union, without conditions.
Al Koot Insurance & Reinsurance Co (Al Koot) will maintain its competitive position in Qatar's insurance market while it continues to grow profitably and diversify its portfolio, according to a forecast by S&P Global Ratings (S&P).
Australians are divided over who should pay for insurance premiums that are surging as a result of climate change, according to a new survey report by Charles Stuart University of Australia.
The attacks on Iran by the US and Israel, followed by retaliatory strikes by Iran on several countries allied to the US, including the UAE and Saudi Arabia, will have a profound impact on the insurance market at large. India is also likely to be significantly impacted.
The war that broke out in the Gulf region, following US and Israeli strikes on Iran, has led insurers to cancel war risk covers and raise premiums for vessels sailing in the region and transiting the Strait of Hormuz.
China's pet insurance business has seen leapfrog development. Pet insurance premiums skyrocketed from a modest CNY50m ($7.3m) in 2020 to CNY1.7bn in 2024. This momentum is estimated to have culminated in a record-breaking CNY3bn in 2025, a 76.47% year-on-year increase.