Best’s Market Segment Report: Evaluating MENA Ratings Using Best’s Credit Rating Methodology

Best’s Market Segment Report: Evaluating MENA Ratings Using Best’s Credit Rating Methodology

LONDON–(BUSINESS WIRE/AETOSWire)– Middle East and North Africa (MENA) insurance markets have seen robust growth over the last decade. However, according to a new AM Best report, the rate of growth has stalled in the last 18 months primarily due to the impact COVID-19 and volatility in energy prices, attributable largely to the global economic slowdown from lockdown measures and lower demand for oil. The Best’s Market Segment Report, “Evaluating MENA Ratings Using Best’s Credit Rating Methodology”, notes MENA markets continue to face significant challenges, including stock and real estate market volatility; changes to…