Saudi Arabia: Tawuniya net profit jumps by 66% in 2024

Published on March 1, 2025
The Company for Cooperative Insurance (Tawuniya), one of Saudi Arabia's biggest insurers, has posted a net income after zakat of SAR1.02bn ($272.5m) in 2024, compared to SAR616.4m in the previous
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African Risk Capacity and IFC partner to enhance agricultural insurance solutions in Africa

February 28, 2025
African Risk Capacity Limited (ARC), a specialised agency of the African Union, and the International Finance Corporation (IFC), the private sector arm of the World Bank Group, have signed a Letter of Engagement to strengthen agricultural insurance solutions across the continent.The partnership aims to create a more secure and attractive investment environment for agriculture by addressing the ris

UAE: Bigger insurers show resilience, smaller players may consolidate

March 1, 2025
The financial and solvency positions of the larger UAE insurers including ADNIC are generally resilient in the face of the heavy damage caused by floods in April 2024, according to the board of