GCC insurance sector faces issues in 2016
20 Feb 2016
(MENAFN) GCC insurance sector will face two main challenges; pricing pressures and regulatory this year, while the largest markets in the area are facing issues.
Furthermore, there is a notable challenge in some of the markets in the region where regional insurance markets are viewed with small insurers.
In addition, whole premiums continued increasing by double digits with 12.6 percent through 2013 to 2014 in the face of macro challenges.
Accordingly, Qatar-based insurance firms have the highest asset base in the GCC, and its gaining momentum due to government’s payments in non-oil sectors.