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FINANCIAL NEWS
MENA’s reinsurance market to grow
05 Oct 2016
(MENAFN) The reinsurance markets in the MENA region are predicted to increase in the coming 12 months with a rise in reinsurance rates due to the emerging risk landscape.Accordingly, robust insurance sector growth, primarily driven by compulsory schemes, is the most relevant strength of the MENA reinsurance marketplace.In addition, reinsurers will play a major role in helping economic diversification plans across the region as governments are ready to cut their dependence on hydrocarbon incomes.Almost 52 percent of executives polled therefore believe that average reinsurance rates in the region will grow, up from 19 percent last year.
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