Tighter regulations, weak profitability to spur M&As in insurance sector

A report by PricewaterhouseCoopers Middle East said that weakening profitability and stringent supervision around capitalization and solvency requirements are expected to drive consolidation of the Middle East insurance market, Middle East Insurance Review reported. Meanwhile, recent increases in oil prices due to the ongoing geo-political crisis are driving government spending on infrastructure in the Middle East, which in turn will create new opportunities for insurers.