Insurance News ME

Kuwaiti takaful insurance companies to operate in Syria

DAMASCUS, March 14, (KUNA): Several takaful (Islamic insurance) companies, including Kuwaiti companies, will join the Syria insurance market next April, an official source said.

Syrian insurance premiums reach $85m

The liberalisation of the Syrian insurance market has attracted regional firms, although the size of the market remains modest.

Qatar National Bank plans office in Syria

Dubai: Qatar National Bank said yesterday it won initial approval to set up a bank in Syria, the latest Gulf lender interested in entering the country since it opened banking to foreigners three years ago.

Syria: SISC Issues Investment Guidelines

The Syrian Insurance Supervisory Commission (SISC) recently introduced guidelines for investments by Syrian insurance firms. Besides insurance companies, these guidelines will also apply to the state-owned Syrian Insurance Co and the Arab Union Reinsurance Co.