March 28, 2024
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Market Surveys

Market Surveys
Demand for Resilience to Fuel Growth

Demand for Resilience to Fuel Growth

Swiss Re’s latest Sigma report forecasts a period of weak growth with low inflation and low interest rates. The silver lining is that insurance will play a key role in bolstering economic resilience and hence will continue in an upward trend. The next two years have forecasted to have slow...

Alpen Capital - GCC insurance industry outlook

Muted Growth Expected

Alpen Capital’s latest report focuses on the current state of the insurance industry across the GCC nations, including recent trends, growth drivers and challenges. The GCC insurance industry, which maintained a positive momentum over the years, witnessed a muted growth in the gross written premiums during the past two years...

Lebanon Insurance industry AM Best report

Taxing Times for Insurers

AM Best is monitoring the high risk environment in Lebanon which have potential to further escalate, according to a recently released report. Following recent protests in response to political leaders’ inability to resolve the country’s economic deadlock, the impact of heightened economic and political risk on insurers in Lebanon is...

Market-survey - Zurich-EOSB

EoSB: Time for Reform

While local companies are still lagging their global counterparts when it comes to workplace savings plans, governments and regulatory authorities are pushing for reform, states Zurich International Life’s latest End of Service Benefits (EoSB) Survey. Amidst the news of the Dubai International Finance Centre (DIFC) soon embarking on introducing a...

‘Expect More Run-Off’

Subdued premium growth will continue to add pressure on profitability, particularly for smaller players in Saudi Arabia, resulting in run-off activity should a new regulation on minimum capital kick in, states Moody’s. Moody’s expects more insurance firms in KSA to get into run-off than consolidation efforts owing to lack of...

AM Best market research

Fortunes Amidst Challenges

Opportunities lie in store amidst challenging operating conditions for reinsurers in the MENA region, according to AM Best’s latest report. The (re)insurance markets in the Middle East and North Africa have remained within challenging circumstances, driven by overcapacity and increase in large losses. However, the reinsurance activity has shifted owing...

Stricter rules to hasten consolidation

Consolidation within the GCC insurance market would help improve the operational scale and capital base of companies, states S&P latest report. Plans within individual regulatory bodies to increase minimum capital requirements would lead to consolidation in the GCC takaful and cooperative insurance industries. Historically these industries have seen weak profitability,...

Still Opportune for Business

In spite of a few offsetting factors, Bahrain still has one of the best insurance markets in the region, in particular, a well-developed takaful regulatory environment, according to AM Best. The Bahraini market has seen a number of M&A deals in recent years, with companies looking to obtain market share...

Great Expectations

While global growth weakens, direct premiums surpassed the USD5 trillion mark and emerging markets such as the Middle East and Africa markets are set to grow considerably, according to Swiss Re’s latest Sigma report. Real gross domestic product saw a hike by 3.2 percent, supporting the insurance sector in the...

An Opportunity for Insurance

Swiss Re’s latest insights on insurance linked to remittances provides an arena of possibilities for the industry. Remittances have always been considered an important element that impacts economic growth over a long term. According to Swiss Re’s latest insight, remittances to low- and middle-income countries are now larger than official...

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