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.
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Indicative war-risk premiums for Red Sea voyages roughly doubled early this week, to around 0.75% of hull value, after the Houthis announced a naval blockade on Saudi Arabia and tankers were attacked off Oman. Expect firmer marine and aviation pricing across the region and more selective appetite for Saudi-linked traffic while the threat persists.
GIG Gulf has launched a three-tier war-risk add-on for UAE motor and commercial fleet policies, offering graded protection rather than a single expensive rider. It is a tidy commercial response to the demand regional tensions have created, and it gives logistics and corporate fleet buyers a cheaper entry point to cover they previously struggled to place.
Oman Air has appointed Takaful Oman as the travel-insurance provider sold inside its booking flow, with assistance and reinsurance handled through specialist partners. Embedding cover at the point of sale is a sensible grab at retail travel premium, and routing it through a domestic takaful operator keeps the business onshore under Oman's in-country value agenda.
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.