Top story
MarketConfirmedSaudi Arabia
Saudi premiums reach SAR 84.3bn but margins tighten
The Insurance Authority puts 2025 gross written premiums at SAR 84.3bn, up 10.7%, with health and motor accounting for close to nine tenths of the growth and health cover now reaching more than 14 million people. Net income of SAR 1.9bn and an average solvency margin of 156.7%, down from 165.7%, tell the other half of the story: the sector is growing faster than it is earning, which is exactly the gap the risk-based capital regime is meant to expose.
CompanyConfirmedUAE
PureHealth's Daman lifts half-year premiums 13% to AED 5.5bn
PureHealth reported group net profit of AED 1.2bn for the first half, up 20%, with its insurance arm Daman writing AED 5.5bn of gross premium on 3.4 million insured members. The property and casualty book is still small at around AED 83m of premium, but it is the line to watch if Daman intends to be more than a health insurer.
CompanyConfirmedUAE
Sukoon lifts first-half underwriting result 68%
Sukoon reported first-half gross written premiums of AED 3.8bn, up 12%, and an insurance service result of AED 241m, up 68%, taking pre-tax profit to AED 302.8m with solvency at 260%. The underwriting result is doing the heavy lifting rather than investment income, which is the right shape for a UAE composite in a softening market.
CompanyConfirmedQatar
Qatar General Insurance and Reinsurance lifts half-year profit 14%
The Doha-listed insurer reported net profit of QAR 85.1m for the six months to June, up 14.2% on the prior year, with earnings per share of QAR 0.097. It lands days after AM Best moved the company's outlook back to stable, so the recovery is now visible in both the numbers and the rating.
MarketCorroboratedOman
Omani insurers grow revenue 11% while profits fall 8%
The eight listed Omani insurers booked OMR 384.4m of insurance revenue in the first half, up 11%, while combined net profit fell 8% to OMR 16.4m. Volume without margin is becoming the pattern in the smaller GCC markets, and Oman is now the clearest example of it.
CompanySingle-sourceSaudi Arabia
Walaa posts SAR 27m second-quarter net income
Walaa Cooperative Insurance reported net income of SAR 26.99m for the second quarter, up from SAR 16.2m in the first. The Saudi reporting season is opening into a year in which sector profitability fell, so the spread between the strong and the weak balance sheets should become obvious over the next fortnight.
AI in insuranceCorroboratedBahrain
BKIC puts 26 staff through Bahrain's first insurance AI hackathon
The Bahrain Institute of Banking and Finance and Bahrain Kuwait Insurance ran what they describe as the country's first AI hackathon for the insurance sector, with 26 BKIC employees building working AI agents after a three-day readiness programme. Three entries have been selected for further development, which makes this a build pipeline rather than a training day.
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.