GCC Insurance Daily

26 June 2026

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

RegulationSingle-sourceKSA

Saudi Shura Council presses the Insurance Authority on cover for the elderly

The Shura Council has asked the Insurance Authority to study why older Saudis struggle to obtain adequate cover and to strengthen policyholder protection more broadly. Members also floated pricing motor premiums on driver records rather than vehicle type, a national registry for medical malpractice claims, and fairly priced family and student health products, so the regulator's consumer-protection agenda looks set to widen.

GovernanceSingle-sourceQatar

AM Best keeps Beema at A- as its combined ratio creeps up

AM Best has affirmed Qatar's Damaan Islamic Insurance (Beema) at A- (Excellent) with a stable outlook, citing a strong balance sheet and solid underwriting. The combined ratio has drifted from the low 70s over 2020 to 2024 up to 84.7% in 2025 under the new IFRS 17-equivalent standards, worth tracking but still comfortably profitable.

MarketCorroboratedUAEOman

Ceasefire or not, war-risk pricing still keeps tankers out of Hormuz

A week on from the US-Iran ceasefire, owners remain reluctant to send ships through the Strait of Hormuz, with war-risk costs and an unsettled security picture the binding constraint rather than physical passage. Allianz Commercial is meanwhile tallying damage to vessels, cargo and port infrastructure from the conflict, a sign the Gulf marine market will carry elevated rates for a while yet.

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.