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Gulf insurance not set for consolidation in next 2 years

Posted on 28 May 2012

The insurance industry in the Gulf region is not likely to see major consolidation over the coming two years due to “comfortable” capitalisation of domestic insurers and “little” shareholder pressure. But foreign risk cover providers may enhance their foothold in the market, according to a study.
The GCC (Gulf Cooperation Council) Insurance Barometer, recently launched by the Qatar Financial Centre Authority, found that 60% of respondents do not expect the market to consolidate over the next 12-24 months………………………………………..Full Article: Source

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