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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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UAE. The YPO Global Pulse Confidence Index for the Middle East and North Africa declined for the fifth consecutive quarter, falling nearly one point to 56.4, below the global confidence level of 58.0; Economic confidence in the UAE fell 7.2 points to 50.3, its lowest score in the six-year history of the index.
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