Saudi Arabia – Mergers will save insurers in next period
Saturday, 01 14 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The media spokesperson of insurance companies Mr. Adel Issa told “Al Eqtisadiah” that the available solutions for companies, which lost 50% of their capital are limited. Such solutions would be raising or decreasing capital, indicating that the new regulations bring a lot of hope as they state that the prices set by actuaries have to be followed.
He added that mergers and acquisitions will be the characteristic of the next period and could start maybe after two or three years from now, indicating that legislations and incentives are needed in order to ease mergers. However, setting the timing of mergers and acquisitions is related to the own decision of insurance companies.
Source: Al Eqtisadiah