Domestic insurers have strengthened their profiles by making acquisitions within the region, according to A.M. Best’s latest report. Merger and Acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy shareholders’...
The Oman insurance industry is showing promise, with new regulations to stabilise the market, positive signs of growth and enhanced financial results. A Premium report. A relatively young market with 23 insurers, 36 brokers, two Takaful companies and one reinsurer, the Oman insurance industry is seeing growth at an average...
Jordan insurance sector is promising but challenging due to many factors. A Premium report. Jordan’s insurance industry dates back to 1946, the year of the Kingdom’s independence. Diversifying and strengthening over the years, the industry has 25 companies operating within the market, with gross premiums written in excess of JOD492...
The UAE insurance sector is seeing much energy abounding in the market, especially with increased regulatory activity on licensing, solvency and compliance. A Premium report. Reflecting much dynamism, the United Arab Emirates underwent a shift like it Qatar counterpart from oil-based resources, to set up an entirely service oriented economy...
Qatar’s insurance industry is looking positive with the QCB law of 2012. A Premium report. A look to the future caused the Qatari government much earlier, to sway away from oil reserves and the revenue it would bring and decisively focus on LNG expansion plans. This has brought about immensely...
Despite their challenges, the Middle Eastern insurance markets offer significant potential, according to research by A.M. Best. A Premium report. Insurers in the Middle East have strong levels of risk-adjusted capital, although they continue to rely heavily on reinsurance protection and carry elevated levels of investment risk. Insurance markets in...
The gateway to the Gulf, the Kingdom of Bahrain is one the oldest and the most penetrated markets. A Premium report. For a smaller country compared to many others in the GCC, the Kingdom of Bahrain has done very well for itself. Also one of the oldest markets, the Bahrain...
The current scenario of falling oil prices may have an impact on the insurance industry, comments A.M. Best. A Premium report. The Middle East insurance markets have seen remarkable growth in premium revenue over the past decade. This growth has stemmed from the infrastructure and industrial opportunities arising from higher...
Reflecting positive signs of growth, the insurance industry in the Kingdom of Saudi Arabia has much to do to become a mature market. A Premium report. One of the biggest insurance markets in the Middle East, the Kingdom of Saudi Arabia is one, which has undergone quite a bit of...
Regulatory and economic conditions prove to be a challenge to the insurance industry in Jordan, explains Mahesh Mistry. Jordan’s insurance market is wrestling with regulatory changes and slowing economic conditions; however, despite the challenging operating environment the market remained profitable. Gross premiums written (GPW) in 2013 rose to JOD482 million,...
