Published on September 15, 2014
The MENA reinsurance markets continue to benefit from the region’s robust economic expansion. Growing insurance premiums and a relatively low exposure to natural perils are the main attractions, which drive the unabated increase in reinsurance capacity. Since 2008 the region’s economies grew at an inflation-adjusted rate of 4.0% per annum, well above the global average of 2.9%. A strong pipeline of infrastructure and construction projects and a relatively low natural catastrophe exposure further contribute to the region’s attractiveness.