GCC: decreasing profits for insurers

statisticsAll insurance companies operating in the Gulf Cooperation Council (GCC) countries could face a pressure on their profit margins.

This is reflected in a recent report published by the consulting firm Alpen Capital. This decline is accounted for by:

  • strong competition in a fragmented market: 200 insurance companies for 54 million inhabitants,
  • low insurance penetration rate
  • lack of standardized regulation within the CCG countries
  • high exposure to risky assets

Read also | The insurance business in GCC zone placed under negative outlook

Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits