‘GCC insurers’ risk rises with COVID-19, oil slump’
Moody’s Investors Service has revised its assessment of the risks facing insurance companies in Gulf Cooperation Council (GCC) countries to “high” from “moderate” over the next 12 to 18 months, as the coronavirus-induced economic downturn exacerbates pressure on the sector. Lower premiums will increase already intense competition in the GCC insurance markets, as smaller players […]
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