Middle East Insurance Review

The December edition of the Middle East Insurance Review is now available. Access cutting-edge perspectives and stay ahead with comprehensive regional updates, essential insights, and expert analysis for 2025. Subscribe today 👉 https://lnkd.in/g54ddimD 1️⃣ 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝟐𝟎𝟐𝟓 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬 Expectations of industry consolidation: While the issue of industry consolidation has been talked about for the past two decades, 2025 may well be the year of acquisitions Global and regional macroeconomic tailwinds are creating favourable conditions for insurance to thrive, even as Middle East markets mature. As economic uncertainties and shifting market conditions spur demand for trade credit insurance in the GCC, insurers are refining coverage options and pricing strategies to protect companies against trade risks and defaults 2️⃣ 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐟𝐢𝐥𝐞: 𝐊𝐮𝐰𝐚𝐢𝐭 As Kuwait navigates the complexities of a rapidly evolving economic landscape, the non-life insurance industry is poised for significant growth in 2024. With a combination of regulatory advancements, increasing consumer awareness and the rising need for comprehensive risk management solutions, the sector is expected to thrive in the coming year. 3️⃣ 𝐓𝐚𝐤𝐚𝐟𝐮𝐥 Participation insurance is making inroads into Türkiye and continues to expand supported by demographic factors, rising demand for products and strong regulatory backing 4️⃣ 𝐑𝐞𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 As the GCC region offers substantial prospects for (re)insurance providers, there is a growing demand for reliable and adequate capacity to help markets develop on a sound basis #Insurance #Reinsurance #InsuranceIndustry #Kuwait #MiddleEast #SaudiArabia #MiddleEastInsurance #InsuranceInnovation #GeneralInsurance #InsuranceNews #InsuranceInsights #MENAInsurance #ReinsuranceMarket #LifeInsuranceTrends #CorporateGovernance

The insurance landscape in 2025 is marked by technological advancements, regulatory reform and a commitment to customer-centric solutions. By embracing innovation and responding to regulatory shifts, insurers are positioned to create an industry that serves as a safety net, says Deloitte’s Ms. Maria Michaelides, FIA. Click here to read the full article 👉https://lnkd.in/gBsVR5Wq #Insurance #InsuranceIndustry #InsuranceSector #FutureInsurance #Insurance2025 #Insurance2025predictions

The MENA region has shown impressive economic performance in 2024 supported by ambitious expansion plans. DD Consulting LLC’s Mr. Hussain Feroz Ali says more uncertain times lie ahead with tech advancements, regulatory changes and geopolitical risk challenging the insurance sector. Click here to read the full article 👉https://lnkd.in/gMtYAawi #Insurance #InsuranceIndustry #InsuranceSector #FutureInsurance #Insurance2025 #Insurance2025predictions #GeopoliticalRisk

While the issue of industry consolidation has been talked about for the past two decades, 2025 may well be the year of acquisitions, says Clyde & Co’s Mr. peter hodgins. Click here to read the full article 👉https://lnkd.in/gqe9U7Gx #Insurance #InsuranceIndustry #InsuranceSector #FutureInsurance #Insurance2025 #Insurance2025predictions

The Middle East insurance industry is set for growth, despite challenges such as medical inflation, says Cigna Healthcare MEA’s Ms. Leah Cotterill. Click here to read the full article 👉https://lnkd.in/geA3wKAM #Insurance #InsuranceIndustry #InsuranceSector #FutureInsurance #Insurance2025 #Insurance2025predictions #Insurancegrowth

As a wealthy oil-based economy, Kuwait offers significant opportunities for the insurance market to grow. The health insurance sector continues to dominate premiums while motor and takaful segments address regulatory reforms and opportunities for market expansion. ✍️ Article written by: Osama Noor #Insurance #Motor #Takaful #Healthinsurance

The #GCC currently leads #InsurTech growth in the MENA region and with gen AI, this wave of innovation is expected to propel the evolution of insurance and InsurTech across the MENA region from 2025, says Agile Financial Technologies’ Mr. Kalpesh Desai. Click here to read the full article 👉https://lnkd.in/gUUXkV4B #MENA #InsurTechs #AI #Insurance #InsuranceIndustry #InsuranceSector #FutureInsurance #Insurance2025 #Insurance2025predictions

Saudi Arabia has emerged as a promising hub for #fintech, as part of its ongoing digital transformation and economic diversification under Vision 2030. InsurTech remains underfunded and less mature by comparison. Celent’s Mr. Todd McGregor examines the reasons for the mismatch in funding and progress in these two technology-first sectors. #SaudiArabia #Insurance #InsuranceSector #InsurTech #InsurTechs #Technology #Digitaltransformation

The Kuwait Youth Public Academy recently opened registration for its inaugural training and qualification programme in #insurance. Part of the Work Makers scheme, this effort aims to equip recent graduates with the knowledge and skills needed to thrive in the insurance industry. ✍️ Article written by: Anandi Iyer #Kuwait #InsuranceIndustry #Insurancesector

Although trailing its GCC peers, Kuwait’s life and health insurance industry has still significantly transformed digitally and regulatorily over the past year, according to Kuwait Insurance Company’s Mr. Sami Sharif. ✍️ Article written by: Sarah Si Click here to read the full article 👉 https://lnkd.in/g2QMF4qw #Kuwait #Digital #Regulatory #Regulation #Insurance #InsuranceIndustry #InsuranceMarket