Good development insurance prospects in the Gulf countries

The Gulf Cooperation Council (GCC) is planning to invest 900 billion USD in energy and infrastructure projects over the next decade.

These investments, combined with the rise of middle classes and the implementation of new mandatory insurance policies, will boost market activity, making the whole very attractive.

Written premiums of the Gulf countries increased from 6.4 billion USD in 2006 to nearly 20 billion USD at the end of 2014, with an average annual growth rate of 16%.