Market segment outlook : Gulf Cooperation Council

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<title>Market segment outlook</title>
<subTitle>: Gulf Cooperation Council</subTitle>
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<dateIssued>2020</dateIssued>
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<note>AM Best is maintaining a stable outlook for the insurance markets of the Gulf cooperation council (GCC). Key factors supporting the outlook include the following: potential premium growth following the rollout of mandatory health insurance in Oman and Bahrain, as well as short-term growth opportunities arising from the 2020 World Expo in the United Arab Emirates (UAE). Advance in risk management and improved regulatory sophistication across the region, with the exception of Kuwait. Strong capital buffers and extensive reinsurance support. A heightened risk environment due to elevated geo-political risk, which increases the potential for volatility in hydrocarbon prices that may have knock on effects for public spending in the region.</note>
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<namePart>Consejo de Cooperación para los Estados Árabes del Golfo</namePart>
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<topic>Mercado de seguros</topic>
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<topic>Perspectivas del seguro</topic>
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<topic>Datos macroeconómicos</topic>
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<geographic>Golfo Pérsico</geographic>
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<geographic>Emiratos Árabes Unidos</geographic>
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<title>Best's Market Segment Report</title>
<partNumber>February 19, 2020</partNumber>
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