Kai-Uwe Schanz, author of the Qatar Financial Centre 2014 Reinsurance Barometer Report

Thursday 18.09.2014 // Kai-Uwe Schanz

According to the 2014 edition of the MENA Reinsurance Barometer published on September 14 and presented in Monte Carlo at the Rendez-vous de Septembre, the US$ 13 billion Middle Eastern and North African 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. The survey, issued on an annual basis by the Qatar Financial Centre (QFC) Authority, also found that fierce competition, intense pricing pressure and higher risk retention by insurers weigh on the sector’s growth Prospekts..

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