MENA reinsurers strive to adapt to testing conditions

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<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">Regional reinsurers operating in the Middle East and North Africa (MENA) are no strangers to challenging operating conditions. In recent years, the region's reinsurance market has been characterised by competitive pricing pressures, overcapacity and increased incidence of large losses. In 2020, the fallout from COVID-19 and a volatile oil price environment have added to the challenges faced by local reinsurers.</abstract>
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