Nigeria: Prospects are promising for nascent takaful market

Published on December 1, 2024
Nigeria's insurance commissioner, Mr Olusegun Omosehin, has said that although takaful currently represents 1-2% of the insurance market, the future outlook is promising, considering the average
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Saudi Arabia: Insurers must maintain underwriting discipline in 2025

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Top-line growth in Saudi Arabia's insurance sector will moderate to about 10%-15% in 2025, after strong growth since 2022 and a 17% increase in insurance revenue in third-quarter 2024, forecasts S&P

Egypt: Medical costs projected to surge by over 30% in 2025

December 1, 2024
Insurers in Egypt are projecting that medical costs would jump by 31% in 2025, says WTW, a leading global advisory, broking and solutions company. WTW is anticipating instead a higher medical trend