Oman at the forefront of GCC's first compulsory motor Nat CAT cover scheme

Published on February 23, 2026
Oman has introduced natural catastrophe coverage in compulsory third-party motor insurance policies - the first such initiative in the Gulf Cooperation Council (GCC) region.
Continue reading on website
Other news

Kuwait: Mandatory ratings for insurers expected to boost market development

February 22, 2026
The Kuwaiti Insurance Regulatory Unit's (IRU) new requirement that insurance and reinsurance companies obtain a minimum credit rating should increase market confidence in their financial strength and

Coface posts €1.9bn consolidated turnover for 2025

February 23, 2026
For the full year 2025, credit insurer Coface has reported a stable consolidated turnover of €1.847 billion, a rise of 1.3% at constant FX and perimeter compared to 2024’s €1.844 billion.Revenue from insurance activities (including bonding and Single Risk) rose 0.6% at constant FX to €1.512 billion. The firm explained that in Q4’25, insurance turnover was down by 1.1% compared to Q4’24, which had