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Email this article: GCC insurers face crossroads as profitability declines
Posted: Mon July 2, 2012 12:57 pm
UAE. A.T. Kearney analysis highlights deterioration of GCC insurers' profitability, dropping from 28% in 2007 to 9% in 2011, and insists increasing urgency of operating model reassessment to avoid profitability collapse.
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INTERNATIONAL. Saxo Bank publishes its Q3 Outlook, warns of a false start to the Fed's rate hike cycle; a return to US$100+ oil is not expected for the foreseeable future and this should help the region to focus on attracting and building other sources of revenue.
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