MENA - Continued ins. growth & profitability
Wednesday, 06 27 2018, Category: Insurance and Reinsurance, Country: Middle East
Insurance markets of the Middle East and Northern Africa are expected to outgrow the region’s GDP over the next 12 months, according to senior executives polled in The MENA Insurance Pulse 2018, published by Dr. Schanz, Alms & Company.
The report states that personal lines remain a key driver for premium growth, with primary insurers benefiting from compulsory insurance requirements and regulatory actions that support rates.
Geopolitical instability and economic headwinds are anticipated to weigh on the industry’s outlook. However, price adequacy in commercial lines, especially property business, has improved, mainly in response to severe fire losses.