MENA zone: 2020, the year of legislative reforms

Almost all MENA insurance markets are expected to undergo regulatory reforms in 2020. Several countries in the area have already prepared draft laws or begun conducting studies in this respect.

For example, the United Arab Emirates has set up a committee to submit draft laws to the government. In Jordan, the Parliamentary Committee for the Economy and Investment approved a bill to transfer the management of the insurance market to the Central Bank.

Morocco has made natural disasters insurance mandatory while the Algerian government has introduced a pollution tax. Egypt is also working on new regulatory measures.