A report from A.M. Best says insurance regulators in developing nations need better data and stricter risk-based supervisory models to preserve solvency as the markets in these countries grow.
In a special report, “Changing MENA Insurance Market Poses Regulatory Challenges,” Best says the insurance industries in the Middle East and North Africa regions have expanded due to the “significant economic growth” throughout the regions.
The growth has brought significant investment dollars to insurers.
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