Best's Market Segment Report: Improving Market Conditions Signal Change for MENA Region’s Reinsurers
Following several years of persisting soft market conditions, pricing and terms in the
In a new Best’s Market Segment Report, “MENA Reinsurance: Improving Market Conditions Signal Change for Region’s Reinsurers”, AM Best notes that the current market hardening is a clear tailwind for reinsurance providers in the region, partly as a bi-product of global reinsurance trends and also in response to regional underwriting performance strains.
However, challenges persist for the region’s reinsurers. Ample capacity remains in the market, and the resultant competition may curtail the extent to which the region’s reinsurers are able to benefit from firming market conditions. Furthermore, the economic fall-out from the COVID-19 pandemic adds to the challenges faced by reinsurers operating in the region.
To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=313070.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in
Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Financial Analyst
+44 20 7397 0291
emily.thompson@ambest.com
Director,
+44 20 7397 0322
richard.banks@ambest.com
Associate Director, Analytics
+44 20 7397 0312
alex.rafferty@ambest.com
Director,
+44 20 7397 0280
edem.kuenyehia@ambest.com
Source: AM Best


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