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RegulationConfirmedOman
Oman's FSA reworks unified motor policy to let drivers claim from their own insurer
Oman's Financial Services Authority has overhauled the unified motor insurance policy so a motorist can claim directly from their own insurer after an accident, with that insurer then recovering from the at-fault party's cover and no deductible on the damaged party unless optional add-ons apply. The FSA has also introduced mandatory settlement timelines and compensation for repair delays, a consumer-friendly shift that adds operational and reserving pressure on motor underwriters.
CompanySingle-sourceBahrain
Gulf Union Insurance and Reinsurance posts BD1.59m net profit as pricing bites
Bahrain's Gulf Union Insurance and Reinsurance reported a 2025 net profit of BD1.59m, down about 9% on the prior year as competitive pricing squeezed margins, even though insurance revenue rose 7.9% and net investment income jumped 37.7%. The split is a familiar one in Bahrain's crowded market: investment returns are carrying much of the result while underwriting stays under pressure.
AI in insuranceConfirmedKuwait
Kuwaiti insurer hires Newgen for a five-year core system replacement
A Kuwaiti insurer has awarded Newgen Software a five-year contract worth KWD 875,000 (about INR 26.7 crore) to replace its core policy administration system, covering licences, implementation and support, with the order accepted on 30 June. Core-platform swaps of this sort are the unglamorous groundwork for the region's digital and AI plans, as little of the automation and analytics agenda is possible until the underlying policy engine is modern.
CompanyCorroboratedBahrain
Takaful International and Zain Bahrain launch a digital summer travel-cover push
Takaful International, gig's Bahrain takaful arm, has partnered with Zain Bahrain on a summer travel-insurance campaign sold digitally through the telco's app and eShop, with Schengen and worldwide cover, up to 50% off for a limited period, and the option to charge the premium to a Zain line. It is a small but telling example of GCC insurers leaning on telco distribution and embedded, bite-sized products to reach retail customers.
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.