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International

Short-term outlook for nonlife insurance sector is optimistic: Swiss Re

July 01, 2016 Reprints

Swiss Re Ltd. has said in a recent report that it is cautiously optimistic about the short-term outlook for the nonlife insurance sector in the Middle East, reported Middle East Insurance Review.

Nonlife insurance premiums in the Middle East, Central Asia and Turkey increased 9.7% in 2015, Swiss Re said. Premiums in Turkey and Kazakhstan increased by 12% and 3.2%, respectively. But, insurance demand will likely slow in the short term, according to the report.

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Short-term outlook for nonlife insurance sector is optimistic: Swiss Re

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