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A.M. Best Special Report: Overcapacity Weighs on Technical Performance of Reinsurers in the Middle East North Africa

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LONDON--(BUSINESS WIRE)--The low level of insurance penetration seen in many Middle East and North Africa (MENA) countries, combined with the robust, albeit deteriorating, profitability achieved by the leading primary insurers, has made the region a target for international and domestic reinsurers. A new special report by A.M. Best examines how insurance markets in the MENA region have grown significantly over the past decade. MENA insurance premiums surpassed USD 50 billion in 2014, with the m

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