Short-term outlook for nonlife insurance sector is optimistic: Swiss Re
Posted On: Jul. 1, 2016 12:00 AM CSTSwiss 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.