Dubai Insurance Company (DIN) reported a net insurance service result of AED 108 million ($29.4 million) for the fiscal year 2024, reflecting a slight decline from AED 123 million in 2023. The company’s combined ratio rose to 91% from 86% the previous year, indicating a moderate increase in claims and expenses relative to premiums earned. […]

In a landmark move to strengthen patient protection and professional accountability, Egypt’s Financial Regulatory Authority (FRA) has issued a resolution establishing a model policy for the Government Fund for Insurance against Risks Resulting from Medical Errors. The policy forms a critical component of a unified regulatory framework, complementing the Unified Insurance Law and the Medical […]

Two oil tankers under Russian sanctions were engulfed in fires in the Black Sea on Friday, triggering rapid rescue operations led by Turkish authorities. The incidents involved the Kairos, a 274-metre vessel, and Virat, an aframax-class tanker, both of which reported “external impacts” while navigating waters north of Turkey. The Kairos, en route to Novorossiysk, […]