MENA:Region remains attractive to reinsurers

07 Oct 2015

Against the backdrop of the global softening of reinsurance, MENA is still seen as an attractive market as it is profitable with low insurance penetration and is regarded as benign in nat cat risks. As such, re/insurers which seek greater diversification and excess capacity look towards the region, especially since there has been a recent shift in the trend of doing business at a distance to recognition that moving closer to the market is necessary.

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