GCC Insurance Daily
The day's insurance news across the GCC: regulation, governance, AI in insurance, and people moves. Curated, attributed, and linked to the source.
Top story
Dubai's Ruler has approved a restructured board for Etihad Credit Insurance, the UAE's federal export-credit company, chaired by Foreign Trade Minister Thani Al Zeyoudi. The line-up pulls in government, banking and investment figures, tying ECI more tightly to the non-oil trade agenda and signalling a more active role for state-backed credit cover in supporting exporters.
Oman's Financial Services Authority has told motor insurers that electric vehicles must account for at least 0.2% of their motor portfolios by end-2026, backed by monthly reporting and a dedicated EV classification code. The threshold is modest, but it pushes insurers to start pricing and tracking EV risk properly rather than steering clear of an unfamiliar book.
A new studio, licensed by the Ministry of Investment and registered with Monsha'at, has opened in the Kingdom to build and accelerate insurtech ventures alongside local insurers, with its first cohort due from July. Its value will hinge on whether insurers actually adopt what it produces, but the focus on digital distribution, embedded cover and AI-led underwriting tracks where the Saudi market is being pushed.
Each item is a short editorial summary with a link to the original source. Items marked Rumour · unverified are unconfirmed and should be treated with caution. Compiled automatically; corrections welcome.