You are hereHome Categories
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.
EMAIL TO FORM:
To Address:
From Address:
Comments:
Code:
UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
dhgate