November 23, 2024
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Recoverability risk hampering profits: Moody’s

Recovery risk hampering profits: Moody's
Insurers in the GCC countries are exposed to sizeable levels of receivables, putting them at risk of added provisioning and pressurising their profitability, states Moody’s Investors Service in a report. Insurance companies in the Gulf Cooperation Council (GCC) will need to accustom themselves to increased provisioning and heightened pressure on their profitability, and perhaps capital […]
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