-

AM Best’s Annual Market Briefing on State of MENA (Re)Insurance Markets Returns to Dubai

LONDON--(BUSINESS WIRE)--AM Best’s annual MENA Insurance Market Briefing will be held on 18 October 2020, 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 disruptions. These issues and other market forces will be discussed at the briefing.

Peter Englund, senior executive officer, Middle East, Zurich Insurance Company Ltd, will deliver the keynote presentation at the event, titled, “Operating in the DIFC Over the Years.” Additionally, senior members of the AM Best team will review recent developments in the MENA region and try to anticipate their impacts in the short-to-medium term.

The event will conclude with a networking lunch for attendees to connect with AM Best and other industry professionals. To view the agenda and register, please visit http://www.ambest.com/conferences/imbMENA2022.

To preview the briefing with a recent discussion on the state of MENA (re)insurance markets, with Vasilis Katsipis, general manager, market development, in AM Best’s Dubai office, please go to http://www.ambest.com/v.asp?v=ambmena822.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

Industry:

AM Best

Release Versions
English

Contacts

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

More News From AM Best

AM Best Comments on Credit Ratings of The Wawanesa Mutual Insurance Company Following Announced Acquisition of Everest Insurance Company of Canada

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of The Wawanesa Mutual Insurance Company (Wawanesa Mutual) (Winnipeg, Manitoba, Canada) remain unchanged following its announcement to acquire Everest Insurance Company of Canada (Everest Canada) (Toronto, Ontario, Canada), the Canadian retail insurance operations of Everest Group, Ltd. (Everest Group) (Bermuda) [NYSE: EG]. The acquisition is expected to strengthen and diversify Wawanesa Mutual’s business pr...

Best’s Market Segment Report: AM Best Maintains Stable Outlook on UK Non-Life Insurance Segment Despite Elevated Geopolitical Risks

LONDON--(BUSINESS WIRE)--AM Best has maintained its stable outlook on the United Kingdom non-life insurance segment, reflecting its opinion that the headwinds and tailwinds affecting the segment's operating environment remain broadly balanced. In its new Best’s Market Segment Report, “Market Segment Outlook: United Kingdom Non-Life Insurance,” AM Best states that the trends of minimal economic growth and increasing rates of unemployment persisting into 2026 mean that insurers are likely to face...

Best’s Special Report: US Property/Casualty Insurance Industry Sees Underwriting Income Nearly Triple to $61 Billion in 2025

OLDWICK, N.J.--(BUSINESS WIRE)--The U.S. property/casualty (P/C) industry recorded a $60.9 billion net underwriting gain in 2025, almost tripling the $22.1 billion posted in the previous year, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, “First Look: 2025 US Property/Casualty Financial Results,” and the data is derived from companies’ annual statutory statements received as of March 9, representing an estimated 96% of the P/C...
Back to Newsroom