MENA insurance pulse 2017 : an annual market survey

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      <subfield code="a">MENA insurance pulse 2017</subfield>
      <subfield code="b">: an annual market survey</subfield>
      <subfield code="c">prepared by Kai-Uwe Schanz</subfield>
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      <subfield code="a">This annual research initiative is aimed at offering an authoritative overview of the current state and future prospects of the region¿s US$  54 billion primary insurance markets. It paints a comprehensive and quantitative picture of the current market sentiment, tracked over time. The 2017 edition draws on in-depth interviews with senior executives  of 40 regional and international insurance and reinsurance companies, intermediaries and trade associations operating in the Middle East and North Africa. The region¿s low insurance penetration is considered the  key future opportunity offered by the market. The ratio of premiums to GDP is a mere quarter of the global average. In addition, expanded or more rigorously enforced compulsory schemes in medical and motor insurance rank second among future opportunities. Digitisation is the third most frequently mentioned opportunity because of its potential to  both bring down operating and acquisition expenses as well as to make insurance products more appealing and meaningful</subfield>
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