Saturday 03, May 2014 by Robin AmlĂ´t

AM Best warns competition, growth dampen Saudi insurers’ 2013 performance

In a special report, AM Best notes that Saudi Arabia’s insurance market remains one of the main markets within the Gulf Cooperation Council (GCC), with premiums expected to surpass the United Arab Emirates over the next five years. The insurance market saw premiums expand significantly in 2013, and although growth is expected to slow in 2014, it remains above historical levels.

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