Staying local and relevant for insurance success
Rein4ce client IGI is featured in the Reactions CEO Supplement in September, talking about insurance in MENA markets. In the interview, IGI President and UK Executive Director Waleed Jabsheh emphasizes the importance of being grounded in local markets and staying relevant.
Maturing MENA insurance markets
He said: “As the Middle East markets continue to mature due to new regulatory requirements and market liberalism, the variation in physical, geographic, cultural, political and economic conditions across the states and territories is enormous.
“The size, sophistication and strength of the region’s insurance and reinsurance markets have increased notably over the past decade, and while in a certain regard it does rely on the international markets for balance sheet support, local knowledge is the most efficient way to build business and more importantly to retain it.”
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