A.M. BestTV: Rated MENA Insurers Explore New Sectors, Says A.M. Best’s Carter

Business Wire

OLDWICK, N.J.--(BUSINESS WIRE)-- In this ^A.M.BestTV episode, Greg Carter, managing director, analytics, A.M. Best, said Middle East and North Africa insurers rated by A.M. Best are affected by the region's close ties to the oil sector, with some turning to smaller sectors and new forms of distribution. Click on http://www.ambest.com/v.asp?v=menatrends318 to view the entire program.

Companies rated by A.M. Best in the Middle East and North Africa have maintained good levels of capitalization, despite a variety of challenges.

“The strong capitalization of companies across the region has largely been driven by regulatory requirements,” said Carter. “It has been a reasonably well-regulated market in terms of solvency expectations, and A.M. Best is now seeing further developments on the regulatory side, which emphasizes and underlines capital strength.”

Carter also said that despite the challenges presented by the operating environment, pockets of opportunity do exist.

“Opportunities do exist for companies that can develop niche products, or that can take advantage of unique distribution channels, or perhaps leverage technology to improve distribution of their products.”

To access a copy of this special report, titled, “Rated MENA Companies Maintain Strong Capitalisation Levels Despite Stifled Growth,” please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=270082.

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^A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View ^A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.