The GCC insurance market has been one of the fastest growing regions for insurers, with average annual revenue growth of 16.8 per cent over the past six years, and will see significant further growth over the near to medium term, a report said.
The Middle Eastern insurance market is already well served by three hubs, and A.M. Best, a provider of news, credit ratings and financial data products and services for the insurance industry, expects the establishment of another in the UAE woul
The Middle East insurance market is expected to grow at around 25 per cent a year between this year and 2013, according to a report by ResearchAndMarkets.com.
The report covers GCC nations and the insurance industry of Turkey, Iran, I
The GCC insurance market is rapidly evolving as expatriates choose to call the UAE and surrounding regions ‘home’ for longer periods of time and invest more in business and homes than they have in the past, an expert said.