Saudi Arabia: Struggling insurers doomed to merge
Several Saudi insurers have recently lost up to 50% of their capital. The law that requires insurance companies to abide by the decisions of actuaries, regarding the pricing, no longer enables them to earn market shares by offering competitive tariffs without technical foundation. The only options that remain on the table for those companies would be either a capital increase or pooling up with a competitor.
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Wed, 29/03/2017 - 09:33
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