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MarketCorroboratedUAE
S&P sees UAE insurers' revenue growth halving to about 10% in 2026
S&P expects top-line growth at listed UAE insurers to slow to roughly 10% this year, down from about 17% in 2025 when revenue reached close to AED51bn, as renewed regional tensions weigh on consumer sentiment. The agency keeps its view broadly stable: war exposure is largely excluded or reinsured, capital buffers are solid, and it pencils in a combined ratio near 90% with return on equity easing to 8 to 10 per cent.
GovernanceConfirmedSaudi Arabia
Al Rajhi Takaful doubles capital to SAR2bn
Al Rajhi Takaful shareholders have approved a 100 per cent capital increase to SAR2bn (about $533m), funded by a bonus issue capitalising SAR1bn of retained earnings rather than fresh cash from investors. The move gives one of Saudi Arabia's larger cooperative insurers more headroom to grow as the market consolidates and capital expectations rise.
GovernanceConfirmedKuwait
AM Best gives Kuwait Islamic Takaful an A- debut
AM Best has assigned Kuwait Islamic Takaful (KIC Takaful) a financial strength rating of A- with a stable outlook, citing very strong balance-sheet strength and support from its parent, Kuwait Insurance Company. The rating leans on the parent's backing; the subsidiary itself stays small and heavily skewed to motor, which accounted for about two-thirds of its 2025 revenue.
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.