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FINANCIAL NEWS
Credit outlook for GCC insurance markets is strong: S&P
28 Nov 2011
(MENAFN) Standard & Poor’s said that credit outlook for insurance markets in the Gulf Cooperation Council (GCC) started to become strong and competitive, reported Gulf News.
The rating agency added that there was a fierce competition in the GCC, with growing numbers of insurers.
It also said that earnings conditions were rough for insurers that primarily wrote retail lines of business, especially medical and motor, compared with insurers that focused on the higher-value commercial lines.
It is worth noting that even though all of the insurance markets in the GCC’s six countries were very competitive, the bulk of primary insurers maintain favorable underwriting margins, reflecting the strength of the business.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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