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.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more