UAE – Insurance mergers a strategic choice
Wednesday, 01 03 2018, Category: Insurance and Reinsurance, Country: U.A.E
More mergers and acquisitions are expected in the insurance sector in the UAE during the year 2018 due to the regulatory and supervisory reforms introduced by the Insurance Authority during the past years and in particular in year 2017.
No more options remain for companies operating in the insurance fields such as brokers, agents, consultants, and health Third Party Administrators due to the law and regulations adopted in the UAE. Therefore, small companies that follow competitive practices and burn prices will have either to bear losses or helplessly compete or to revert to mergers and acquisitions in order to create large companies.
Source: Al Khaleej