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Islamic Finance Briefing - Categorized | Emerging Trends, Insurance (Takaful) more

Reinsurance majors eye MENA markets

Posted on 24 October 2011

The impending roll-out of compulsory insurance in many countries in the Middle East and North Africa region, regulatory improvements, and the scope for growth due to low insurance penetration, are attracting more global firms to the region, according to Bin Shabib Associates, or BSA, a leading regional law firm that offers tailored advice for insurance and reinsurance firms seeking to enter the region.

“With profits in developed markets under pressure amidst the current economic crisis and the centre of gravity of growth shifting to emerging markets, the Middle East is high on the growth agenda of global re-insurance firms,” said Irshied Tayeb, Regional Head of Insurance and Re-Insurance Services for BSA………………………………………Full Article: Source

 
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