AM Best: Stable Outlook for the GCC Insurance Market

According to the rating agency, although GCC insurers remain vulnerable to indirect effects of the Middle East conflict, their strong performance and healthy risk-adjusted capitalisation help many of them withstand geopolitical tensions. Yet, an extended conflict in the region could have significant challenges.

This decision is also justified by the sector’s growth opportunities, driven by an increase in insurable risks and a rise in mergers and acquisitions in the region.

* Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates