According to AM Best [4], insurers operating in the MENA region are faced with a number of large-scale challenges.
The lingering effects of the Covid-19 pandemic, the war in Ukraine, the global economic slowdown, and declining demand for oil and gas are putting the brakes on the region's growth for the first time in years.
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-193-july-2022
[4] https://www.atlas-mag.net/en/article/am-best-rating-scale