Best’s Special Report: MENA (Re)Insurers Encounter Challenging Operating Environment but Region Retains Allure
A new Best’s Special Report, titled, “MENA (Re)insurers Encounter Challenging Operating Environment but Region Retains Allure,” states the credit quality of (re)insurers operating in the MENA region is likely to be further tested over the next few years as a result of the increasingly uncertain operating environment. Low hydrocarbon prices in 2017 negatively impacted economies dependent on oil and gas revenues, and there was growing instability throughout the region.
However, the report adds that there is optimism for the MENA markets.
The report examines how the (re)insurance landscape is changing, owing to merger and acquisition activity. In A.M. Best’s opinion, the market remains fragmented, with a large number of primary companies chasing premiums in small markets. Leading participants (generally the largest five in each country) normally dominate, controlling over 50% of total premiums, leaving the smaller companies to compete for the remaining premium. Over the past 10 years, the market share of the largest companies has grown gradually, and
To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=270082.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates.
ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180129005126/en/
Senior Director, Analytics
[email protected]
or
Financial Analyst
[email protected]
or
Director,
[email protected]
or
Director, Market Development &
Communications
[email protected]
Source:
Capgemini named a Leader for Digital Services in Property and Casualty (P&C) Insurance Capabilities by Everest Group
Foreclosure Worries Mount In Hurricane Harvey Aftermath
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News