Wednesday, July 30, 2025
24 C
Lagos

MENA Reinsurance Market Under Pressure Over Mixed Earnings

Reinsurance markets in the Middle East and North Africa region (MENA) are generally perceived as a source of expansion, with continued market liberalisation and the gradual removal of sanctions from Iran expected to yield further opportunities for reinsurers.

Furthermore, the robust, albeit deteriorating, profitability achieved by leading primary insurers over the last five years has enhanced the region’s attractiveness to both foreign and domestic reinsurers.

A new Best’s Special Report, titled, “Pressure on MENA Reinsurance Market Persists as Regional Players Produce Mixed Earnings,” notes that the majority of markets are open with few restrictions on reinsurance operations, despite initiatives in some countries aimed at nurturing growth and the retention of business within the local market.

spot_img
spot_img
spot_img

Hot this week

Two NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation

Two senior officials of the Nigerian Content Development and...

Sovereign Trust Insurance Reports 109% Insurance Revenue Growth in 2024

Sovereign Trust Insurance Plc recently released its 2024 audited...

NAICOM Issues Guidelines for Insurtech Operations Effective Aug 1

The National Insurance Commission (NAICOM) has officially issued operational...

Leadway Assurance: Official Insurance Partner of Lagos International Trade Fair 2025

L–R: Juliet Okon, Head, Alternative Channel and High Net-worth...

NNPCL: Port Harcourt Refinery Not for Sale

Group CEO, NNPC Limited, Engr. Bashir Bayo Ojulari addressing...

Topics

Fidelity Bank Distributes Food Packs to Families in Keffi

Leading financial institution -Fidelity Bank Plc -has distributed food...

FG to Invest $1.5bn in National Transmission Power Network

The Federal Government of Nigeria said it will inject...

NAICOM: ‘No Insurance Firm Forced to Donate to Fight Against COVID-19’

The National Insurance Commission (NAICOM) has refuted an online...

Absa Seeks Stronger Private Sector Participation in Dev of Infrastructure in Nigeria

Sadiq Abu CEO Absa Nigeria Sadiq Abu, CEO of Absa Nigeria, has...

NDIC Budget Sensitisation, Strategic Session in Abuja

L – R Front: Adeola Oluwabiyi, Director, Internal Audit,...

Adeosun:‘Commitment to Accountability, Transparency Non-Negotiable’

The Minister of Finance, Mrs. Kemi Adeosun has challenged...

5400 Lufthansa Pilots Set for Strike

On the 23rd of November, around 5400 pilots of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img