Outstanding receivables to pressure profitability: Moody’s
Insurers based in the Gulf Cooperation Council (GCC) countries are exposed to increased outstanding receivables, putting them at risk of provisioning and pressurising profitability, Moody’s Investors Service stated in a report published recently. “The coronavirus-driven economic shock caused a sharp decline in oil prices that widened the region’s budget deficits and will weigh on public […]
To continue reading this article, Existing users can sign in / subscribe / renew and new users are requested to register.
