LONDON–(BUSINESS WIRE/AETOSWire)– AM Best’s annual MENA Insurance Market Briefing will be held on 18 October 2022, at 9:00 a.m. (GST), at The Address Boulevard in Dubai to discuss the insurance and reinsurance markets of the region.
The Middle East and North Africa (MENA) region’s (re)insurance markets can be characterised as highly competitive and fragmented. Economies across the region are highly sensitive to energy prices as well, with many having a high correlation between oil prices and GDP growth. AM Best in early 2022 revised its market segment outlook on the Gulf Cooperation Council Insurance (GCC) region to stable, as insurers have largely demonstrated resilience in the face of the COVID-19 pandemic and subsequent economic…