TMCnet News

A.M. BestTV: Rated MENA Insurers Explore New Sectors, Says A.M. Best's Carter
[March 20, 2018]

A.M. BestTV: Rated MENA Insurers Explore New Sectors, Says A.M. Best's Carter


In this A.M.BestTV episode, Greg Carter (News - Alert), managing director, analytics, A.M. Best, said Middle East and North Africa insurers rated by A.M. Best are affected by the region's close ties to the oil sector, with some turning to smaller sectors and new forms of distribution. Click on http://www.ambest.com/v.asp?v=menatrends318 to view the entire program.

Companies rated by A.M. Best in the Middle East and North Africa have maintained good levels of capitalization, despite a variety of challenges.

"The strong capitalization of companies across the region has largely been driven by regulatory requirements," said Carter. "It has been a reasonably well-regulated market in terms of solvency expectations, and A.M. Best is now seeing further developments on the regulatory side, which emphasizes and underlines capital strength."

Carter also said that despite the challenges presented by the operating environment, pockets of opportunity do exist.

"Opportunities do exist for companies that can develop niche products, or that can take advantage of unique distribution channels, or perhaps leverage technology to improve distribution of their products."

To access a copy of this special report, titled, "Rated MENA Companies Maintain Strong Capitalisation Levels Despite Stifled Growth," please visit http://www3.ambes.com/bestweek/purchase.asp?record_code=270082.



Recent episodes of A.M.BestTV include:

  • Swiss Re's Sprackling: Life Insurers Catching Up to Property/Casualty In Data Use and Automation: Neil Sprackling, president, U.S. life & health, Swiss Re Americas, said life insurers are rapidly shifting to automated underwriting platforms, using a wider range of data sources: http://www.ambest.com/v.asp?v=sprackling318.
  • Captives Changing With Market Conditions and Risk Needs: Attendees at the Captive Insurance Companies Association's International Conference in Scottsdale, AZ, said the flexibility of captive insurance organizations helps them respond faster than traditional insurers in accommodating new risks and market dynamics: http://www.ambest.com/v.asp?v=cica1318.
  • Long-Term Care Insurers Look to Pricing and Regulators, Say A.M. Best Analysts: A.M. Best Senior Industry Research Analyst George Hansen and Financial Analyst Bruno Caron discuss a new report that examines the long-term care insurance sector, which has seen a multitude of carriers leave the market or change their approaches in the hopes of achieving profitability: http://www.ambest.com/v.asp?v=ltc318.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.


A.M. Best is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.


[ Back To TMCnet.com's Homepage ]