A.M. Best reviews the Saudi insurance market, its regulatory environment and overall growth. A Premium report. After a period of underwriting volatility, the Saudi insurance market appears to have finally turned the corner. Preliminary disclosures by national insurers in the Kingdom of Saudi Arabia have generally exhibited a marked improvement...
The uncertainty in the economic environment across the region and has not left Qatar unaffected. How is the insurance industry faring? A Premium report. In 2016 the world economy expanded just 2.2 percent. In 2017, it is expected to grow 2.7 percent according to a recent outlook by Coface, which...
The Bahrain insurance industry has seen quite a few headwinds in the recent past with respect to growth, but is still quite resilient. A Premium report. The Bahrain insurance industry has been on a steady path from 2014, showing significant growth in some lines of business, while the others are...
GCC insurers must monitor impact of changing terms for high-rise property insurance, says A.M. Best in its latest report. Property insurance is a key component of insurers and reinsurers’ market profiles in the Gulf Cooperation Council (GCC) markets and has been a major issue given the frequency of losses experienced...
A.M. Best is maintaining its negative outlook for the reinsurance sector, citing the continued market challenges. As compression continues bearing down on investment yields and underwriting margins, the strain on profitability is evident in reduced risk-adjusted returns. The market headwinds at this point present significant longer-term challenges that industry players need...
The UAE insurance sector has been building a strong foundation in order to lend sustainability and profitability in the market. A Premium report. Unlike many other countries affected by global economic events and diminishing oil prices that began two years ago, the UAE has been less affected due to a...
With relaxation of sanctions, Iran is now a very attractive zone for investors all over the world, especially so in the Middle East and North Africa region. A Premium report. Insurance is one of the sectors that are expected to see further growth and investment after relaxation of sanctions in...
With an overcapitalised, fragmented market that jostles for space, the Jordan insurance industry sees some positive growth. A Premium report. One of the more stable countries in the region, Jordan has received much support internationally. The total population stands at 9.5 million, and the number of Jordanians among this 6.6...
Insurers are now using customised structures as tools for achieving longer-term corporate finance and strategic goals, according to Swiss Re’s latest report. Catering to the changing risks around the world, insurers and reinsurers have become increasingly sophisticated in managing their capital and risks. Consolidation, evolving solvency regulation and the spread...
Social tensions, tight credit scenarios and terror attacks have impacted economic activity in Tunisia, which has affected the insurance industry. A Premium report. With a fragile economy that is plagued by drought and terrorism, the Tunisian insurance industry is quite to the contrary, being among the top 10 African countries...
