Turkey’s risk appetite is undergoing much change, influenced by its political situation and neighbouring countries and their monetary policies, and more importantly by the global economic scenario. A Premium report. A country that connects Europe with Asia, Turkey has a close bond with the GCC, with trade volume amounting...
Moody’s latest survey outlines the strengths and weaknesses common among the countries within the GCC insurance industry. A Premium report. The Gulf Cooperation Council (GCC) remains a small insurance region from a global perspective, collectively accounting for less than 0.5 percent of global insurance premiums. However, it has been the...
The second largest insurance market in Africa, Morocco has its share of troubles, but new economic reforms show some promise. A Premium report. Morocco falls under A.M. Best’s high-risk sector on the economic, political and financial side. The country faces some significant risks – from slow growth trickling down from...
Alpen Capital’s latest GCC insurance industry report lists growth drivers and presents a view for the future. Drivers such as increased disposable income and a regulatory thrust to introduce medical insurance schemes have affected the GCC insurance industry positively. These catalysts counteract the impact of intense competition, ambiguity around...
The influx of capacity in the region and fierce market conditions have put pressure on the technical performance of regional reinsurers, according to A.M. Best’s latest report. MENA insurance premiums surpassed USD50 billion in 2014, with the main markets being the United Arab Emirates (UAE), Saudi Arabia, Iran and Turkey....
S&P’s latest report focuses on the implications of the recent regulatory changes in the GCC on Takaful companies. The GCC has experienced massive regulatory change with respect to insurance over the past 12 months. The more-demanding insurance regulation in the region will increase short-term pressure on players in these typically...
The Lebanese insurance sector shows resilience in the midst of a political and economic that may pose to be hindrances. A Premium report. Insurance in Lebanon is not new, having beginnings in the 1940s and seeing much growth in the nineties. The country currently stands at 65th place in a...
Swiss Re’s latest Sigma study shows slow growth in the life and non-life markets for the region. A Premium report. Life insurance premium growth in the Middle East, Central Asia and Turkey slowed to one percent in 2014 from 12 percent in 2013. In Turkey, which constitutes close to a...
A.M. Best’s latest study on various insurance markets across geographical borders poses some interesting inferences on emerging markets such as the Middle East and North Africa region. A Premium report. International ratings agency A.M. Best studied more than 1,900 insurers across four geographical groupings, examining six years of results (from...
Standard & Poors’ latest study examines underwriting deficits that have grappled much of the market. A Premium report. Despite the highly competitive market, insurers have held onto their balance sheet strength, and investment returns and return on equity (ROE) are weaker but acceptable. However, underwriting earnings have been found to...
