Saudi Arabia: MedGulf's net financial results improve in 2023, more work needed to raise solvency ratio

Published on April 1, 2024
Mediterranean and Gulf Insurance and Reinsurance Co (MedGulf) net results have swung into the black in 2023 with net profits attributable to shareholders of SAR201.5m ($53.7m), compared to a net loss
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Türkiye: As technical losses mount in mandatory auto insurance business, insurers look to liberalised pricing

April 1, 2024
Compulsory motor third-party liability (CMTPL) insurance business, also referred to as traffic insurance in Türkiye, chalked up a technical loss of TRY13.7bn ($424m), after offsetting investment

UAE: Sukoon to acquire another 1.57% stake in takaful company

April 1, 2024
Sukoon Insurance Company has announced that it had received acceptances for 2,411,030 shares which represent 1.57% of the shares of Arabian Scandinavian Insurance Company - Takaful (ASCANA).