Insurance News ME

Jordan's gross insurance premiums rise by 11.4% in '07

Jordan's primary gross insurance premiums increased by 11.4 per cent to $406.6 million by the end of December 2007, compared to $364.9 million recorded by the end of December 2006, the Insurance Commission of Jordan (IC) announced Monday.

AIG to work with Hawkamah to promote corporate governance in the MENA region

Hawkamah Institute for Corporate Governance (Hawkamah) today announced a sponsorship agreement with AIG MEMSA Insurance Company (AIG), to support the progress of corporate governance across the Middle East and North Africa.

Jordan reelected to chair International Association of Insurance Fraud Agencies

(MENAFN - Jordan Times)
AMMAN (JT) - The new executive committee of the International Association of Insurance Fraud Agencies (IAIFA) re-elected Jordan's Insurance Commission Director General Bassel Hindawi, as president and Robert Craig from the United States as vice president for the next two years

Middle East: Premiums Grow to US$21.4 Bln in MENA region

Based on latest sigma report figures and estimates collated by Swiss Re, total life insurance premiums written in the Middle East and North Africa (MENA) region grew by 13.6% to US$3.3 billion in 2006 while non-life premiums increased by 16% to US$18.1 billion. The total figure of US$21.4 billion accounts for 0.58% of the total global insurance premiums.

Islamic insurance premiums expected to increase by 20-25 % annually - Jordan

(MENAFN - Jordan Times) AMMAN (Petra) — Insurance Commission (IC) Director General Basel Hindawi expects Islamic insurance premiums to grow by 20-25 per cent annually.

Speaking at the opening of the 1st MENA (Middle East and North Africa) CEO Insurance Summit held in Amman, Hindawi predicted 15 per cent annual growth for conventional insurance premiums.