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International

GCC insurers’ revenue jumps by 19%

April 08, 2024 Reprints

A report by market research firm Insurance Monitor said that the combined insurance revenue of 76 insurers listed in the Gulf Cooperation Council nations grew by 19% year-on-year to $32.2 billion in 2023, Middle East Insurance Review reported. The increase was driven by price hikes, generally favorable economic conditions, mergers and acquisitions activity, and regulatory enforcement.

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GCC insurers’ revenue jumps by 19%

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