Gradual slowdown for GCC insurance markets but long-term growth predicted

The gradual slowdown of the Gulf Cooperation Council (GCC) insurance industry seen during the past two years is likely to continue until 2024, according to Alpen Capital (ME) Limited, a Dubai-headquartered investment banking advisory firm. However, gross written premium (GWP) is expected to improve relative to the subdued levels of growth recorded in the recent past, as long-term growth prospects…

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