The Gulf Cooperation Council (GCC) region is projected to expand in 2026 and generate earnings that will exceed 2025 levels but remain volatile and below 2023-2024 levels, says S&P Global Ratings (S&P).
GCC insurers remain vulnerable to second-order effects from the Middle East conflict, according to AM Best in a new report.
The re-escalation of armed hostilities between Iran and the US since late June points to the likelihood of a slow and bumpy road toward a more durable settlement in the region, says Moody's Ratings (Moody's).
The total population of the Gulf Cooperation Council (GCC) countries is estimated at 62.8m in 2025, with an average annual growth of 3.5%, according to the GCC Statistical Centre (GCC-Stat). GCC states accounted for around 0.8% of the world's population.
In this edition of the MEIR Dialogue, we speak to Norton Rose Fulbright's Partner and Head of Middle East Insurance Shabnam Karim on the far-reaching impact of the current conflict in the Middle East on the regional and global (re)insurance industry. The ongoing hostilities have created an extraordinarily complex risk environment, and insurers, reinsurers, brokers, and policyholders alike are grappling with a range of coverage, claims, and regulatory challenges that extend well beyond traditional war and terrorism exposures.
In this edition of the MEIR Dialogue, we speak to Moody's Vice President - Senior Analyst Mohammed Ali Londe and Vice President - Senior Credit Officer Brandan Holmes on how the (re)insurance industry will adapt to the ongoing conflict in the long run.
Airlines have adapted their operations through longer routings and revised scheduling since the Iran war began on 28 February. These moves have contributed to increased flight times, fuel consumption and overall operating costs.
New estimates by the United Nations Development Programme (UNDP) suggest the military escalation in the Middle East may cost economies in the region from 3.7 to 6.0 % of their collective Gross Domestic Product.
Middle East Insurance Review (MEIR), in solidarity with the insurance market, has started a special series named "Middle East Conflict: The MEIR Dialogue" to discuss the insurance impact of the armed confrontation across MENA as well as globally. The series continues with an interview with Chedid Re Deputy CEO of Global Operations Joe Asmar.
S&P Global Ratings (S&P) has projected that GCC insurers will sustain underwriting profitability in 2026 at a similar level to that in 2025, despite the ongoing Middle East military confrontation.