How did 2024 treat small/mid-sized GCC insurers?
The overall picture for the insurance market across the GCC is one of growth, despite several challenges in 2024. For the full year 2024, the combined after-tax profit of around 80 listed insurers in the GCC reached US$ 2.1 billion, with average net profits rising by over 3%. Performance across the GCC’s six nations, however, remains uneven, and good top-line growth nevertheless hides a somewhat mixed bag when it comes to performance across the six national markets and within national markets. So what does the overall picture look like into 2025?
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