GCC: Impact of regional weather-related events in 2Q2024 contained by reinsurance for most insurers

Published on August 1, 2024
Listed insurers in the GCC region have registered an impressive growth of 8.0% in after-tax profits with a mere y-o-y increase of 1.1% points in the net combined ratio (NCR) as the damage from a
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UAE: 26 listed insurers report combined increase in 1H pre-tax profit despite April storm damage

August 1, 2024
The combined profit before tax of 26 listed insurance companies in the UAE grew by 7% to AED1,044m ($284m) in 1H2024 from AED975m in 1H2023, according to Badri Management Consultancy, an

Saudi Arabia: Gulf Union Al Ahlia and Gulf General explore likely merger

August 1, 2024
Gulf Union Al Ahlia Cooperative Insurance Company signed a non-binding Memorandum of Understanding (MOU) with Gulf General Cooperative Insurance Company 7 August 2024 to evaluate a potential merger