UAE: Venture capital firm established in Dubai to focus on (re)insurance

Published on August 1, 2024
Venture capital firm RB Ventures has been launched in Dubai to facilitate venture capital investments into (re)insurance, InsurTechs and other related sectors and providing deal-related services.
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Saudi Arabia: Moody's assigns 'A3' 'IFSR to Al-Etihad Cooperative Insurance

August 1, 2024
Al-Etihad Cooperative Insurance Company has announced that it has received an Insurance Financial Strength Rating (IFSR) of 'A3' with a 'Stable' outlook from Moody's Ratings.

GCC: Takaful market expected to see another profitable year in 2024

August 1, 2024
2024 is set to be another profitable year for the Islamic insurance sector in the GCC. Net profits in 2023 had already reached a record of almost $1bn, mainly due to rate adjustments in previously