AM Best to Host Webinar on GCC Insurance Market Trends, Outlook and Impact of Oil Price Movements and COVID-19

Business Wire

LONDON--(BUSINESS WIRE)-- AM Best will host a complimentary webinar on Thursday, June 18, 2020 at 15:00 (GST) Dubai, Muscat. AM Best has revised its market segment outlook on the insurance markets of the Gulf Cooperation Council (GCC) to negative from stable.

Key factors that led to the change include the economic downturn across the region, stemming from lower oil prices and strong COVID-19 containment measures, as well as the expectation of lower insurance demand. These negative factors are partially offset by the introduction of regulatory requirements over the past five years in Saudi Arabia, the United Arab Emirates and Qatar, which have encouraged insurers to implement more robust governance and risk management frameworks.

In this webinar, analysts will discuss how these factors are affecting companies operating in the GCC and provide an update on the potential impact of COVID-19 and low oil prices on earnings and balance sheets.

Attendees can submit advance questions during registration or by emailing [email protected]. Playback will be available to registered viewers shortly after the event.

Panelists include:

Moderator: Vasilis Katsipis, general manager, market development, AM Best;
Speaker: Jessica Botelho-Young, CA. senior financial analyst, analytics, AM Best; and
Speaker: Alex Rafferty, associate director, analytics, AM Best.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.