Saudi insurance remains profitable
According to a report published by Standard & Poor’s, Saudi insurers are posting underwriting profits despite the fierce competition that prevails over the market. The agency has, nonetheless, stated that pressure on prices will make it difficult to maintain rigorous underwriting in the future. The low interest rates offered in the kingdom and the 2.5% investment tax compel insurers to offset their poor financial revenues by significant technical results.
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Thu, 18/04/2013 - 08:48
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