Saudi Arabia: Major insurer receives rating upgrade

Published on August 27, 2023
Fitch Ratings says in a statement that it has upgraded The Company for Cooperative Insurance's (Tawuniya) Insurer Financial Strength (IFS) Rating to 'A' from 'A-'. Simultaneously, Fitch has upgraded
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Morocco: Council identifies barriers to competition in insurance market

August 27, 2023
Concentration, complexity, lack of innovation and limited supply are issues that taint the insurance market in Morocco, according to the Competition Council in a detailed report on the state of

UAE: Emirates Insurance shows strong underwriting results despite intense competition

August 27, 2023
Emirates Insurance Company (EIC) has a track record of strong operating performance, illustrated by a weighted average return-on-equity ratio of 8.6% over the past five years (2018-2022), says AM