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Middle East - Bridging the Gulf.
(From Reinsurance)
Byline: Symon Ross.
Insurance is considered as a sector with lot of potential in the Middle East due to current low penetration levels, high growth in population and very supportive economies. This holds true for the UAE too, which has a relatively higher per capita income to other states in the region.
The Gulf Co-operation Council (GCC) countries (Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates) are viewed as having great potential by the international (re)insurance market, but it is the UAE, and specifically Dubai, which holds the key to unlocking that potential.
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