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
Saudi market leader Tawuniya has led an oversubscribed $2.8m round in UAE-based Maalexi, alongside Global Ventures, backing a platform that verifies, prices and settles cross-border agricultural trade risk. It is a notable step by a GCC insurer into embedded risk technology well beyond its core cover lines.
An unnamed Kuwaiti insurer has awarded Newgen Software a five-year, KWD 875,000 contract to replace its core policy administration system, placed through the vendor's UAE arm. Core-platform replacements are the unglamorous but decisive enabler of the automation and straight-through processing the region keeps promising customers.
Investments held by Oman's insurers climbed 10.3% year on year to OMR876m ($2.28bn) in the first quarter, with roughly 80% kept in domestic assets and cash and deposits still the largest single holding. Gulf Insurance Group, Dhofar and Liva led the field, a reminder that investment income continues to do much of the sector's heavy lifting on returns.
Qatar Insurance has launched what it bills as the first AI internship programme by a regional insurer, putting students from four universities through eight weeks on agentic AI tooling, with the strongest projects earmarked for its live platforms. A modest scheme, but a clear signal of where QIC intends to source the engineering talent its digital strategy will need.
Qatar Insurance has added hotel booking, Qatar Airways Avios conversion and complimentary Ooredoo eSIMs to its app for visitors buying mandatory health cover. The move fits a wider pattern of Gulf insurers trying to own more of the customer's everyday journey rather than surfacing only at renewal.
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.