Magazine date:
Jul 2016 The MENA zone (Middle East and North Africa) reached 52 billion USD in premiums in 2015 against 30.7 billion USD in 2008, that is an increase of nearly 69.4%.
According to the rating agency A. M. Best, the majority of these collections is attributable to the largest markets in the region: Turkey, United Arab Emirates, Saudi Arabia and Iran.
The increased production of the MENA insurers is mainly due to infrastructure development and commercial activity increase in the region.
The introduction of new compulsory insurance covers and the low exposure to natural disasters, especially in the Gulf countries, have also contributed to this growth.
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