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Email this article: GCC insurers face crossroads as profitability declines
china wholesale market
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. Consumption of luxury goods up 11% in the GCC, according to Bain & Company; China luxury market shows a shift in consumer preferences and ties to the GCC; In the UAE, Chinese represent about 2.5% of overall tourists, but account for 7% of the mall footfall and even bigger part of the spend.
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