16.03.2009 - GCC non-life insurance sector near non-existent: minister
From Gulf-times.com: Non-life insurance premium in the GCC is a woeful under 1% of the world’s total and hence there is a dire need to enhance the penetration, says Finance Minister HE Yousef Hussein Kamal. Addressing the 3rd Multaqa, an international conference on insurance and reinsurance, organised by the Qatar Financial Centre Authority (QFCA), Kamal said: “We still have a long way to go as GCC non-life insurance markets remain relatively small by international standards.” .... Full Article: Source