Suppressed oil prices have impacted the economies of countries in the Middle East and Africa, although (re)insurers rated by AM Best in the region generally remain well capitalised, according to a new special report by AM Best.
In the research, titled, “Middle Eastern and African Rated Insurers Well Capitalised to Offset Regional Risks”, AM Best states that political instability presents another headwind for (re)insurers operating in the Middle East and Africa. Yet despite the economic and political challenges, the majority of rating actions (75%) in the Middle East and Africa during 2018 were affirmations, with slightly more downgrades than upgrades.
A full complimentary copy of this report is available via the following link:
Best’s Special Report: MENA Insurance – Ratings Review
