Turkiye: Call made for insurance to be mandatory for factories

Published on March 3, 2024
The insurance industry in Turkiye faces several challenges, according to the chairman of the Istanbul Chamber of Industry, Mr Erdal Bahcivan.
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Egypt: UAE investor eyes stake of up to 40% in biggest life insurer

March 1, 2024
The Sovereign Fund of Egypt (TSFE) has received an offer from an Emirati party to acquire a stake of up to 40% in state-owned Misr Life Insurance Company, Egypt's biggest life insurer.

Saudi Arabia: Al Rajhi Takaful's 2023 net profit jumps by over 350%

March 3, 2024
The net profit after zakat attributable to shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), one of the largest insurers in Saudi Arabia, surged 353.18% year-on-year