AM Best’s Insurance Market Briefing – MENA to Examine Current Trends and Their Future Impact

AM Best’s Insurance Market Briefing – MENA to Examine Current Trends and Their Future Impact

LONDON–(BUSINESS WIRE/AETOSWire) – AM Best’s annual Insurance Market Briefing – MENA will be held as a complimentary webinar on 3 November 2020, at 14:00 hours, Gulf Standard Time (GST), to discuss the (re)insurance markets of the region. The Middle East and North Africa (MENA) region’s markets, particularly for reinsurance companies, have been characterised by competitive pricing pressures, overcapacity and increased incidences of large losses. In 2020, the fallout from COVID-19 and a volatile oil price environment have added to these challenges. In this 90-minute session, senior rating analysts from AM…

Best’s Special Report: COVID-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market

Best’s Special Report: COVID-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market

LONDON–(BUSINESS WIRE/AETOSWire)– COVID-19-driven financial market volatility is expected to negatively impact solvency levels of Bahraini insurers this year, according to a new AM Best special report, adding to the challenges faced by the kingdom’s (re)insurance sector — the smallest among the Gulf Cooperation Council (GCC) countries. The Best’s Special Report, “COVID-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market,” notes the Bahraini (re)insurance market is very competitive, with a large number of companies vying for a limited amount of premium. The report explains Bahraini insurers typically take more asset risk than their peers…