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GCC: decreasing profits for insurers

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Magazine Issue: 
Alarm over the European Insurance [3]
Magazine date: 
Dec 2019

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 [4]

Thu, 12/12/2019 - 11:49

Source URL: https://www.atlas-mag.net/en/article/gcc-decreasing-profits-for-insurers

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[3] https://www.atlas-mag.net/en/issue/alert-on-european-insurance
[4] https://www.atlas-mag.net/en/article/the-insurance-business-in-gcc-zone-placed-under-negative-outlook