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MarketConfirmedSaudi ArabiaUAE
Gallagher Re says Gulf reinsurance rates kept softening at July renewals
Gallagher Re's July renewal read has GCC cedants securing further risk-adjusted price cuts, with loss-free catastrophe programmes down 15 to 25 per cent as capacity stays plentiful. Competition is sharpest in Saudi Arabia, particularly on proportional treaties, where regional and international reinsurers chasing growth are lifting commissions and shifting terms in cedants' favour.
AI in insuranceSingle-sourceSaudi Arabia
Tawuniya puts video-kiosk service across its hospital network
Tawuniya has installed video-linked kiosks in more than 60 hospitals in the Kingdom, connecting patients to remote insurance advisers and cutting some approvals from hours to minutes, according to a joint account with its technology partner. The insurer says Arabic-language AI chat and avatars for first-line queries are the next step, a useful marker of where Saudi health insurers are taking service automation.
CompanySingle-sourceUAE
Dubai broker Viva rebrands as Acora after a growth spurt
Viva Insurance Brokers has renamed itself Acora Insurance Brokers, capping a rebuild since its 2023 acquisition that it says has taken headcount up fourfold and volumes tenfold. The Dubai firm, now around 50 staff with more than 40 insurer relationships, is positioning itself at the corporate advisory and broking end of the Gulf market.
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