GCC insurance industry to grow to $36.1bn by 2024

Pedro Gonçalves
clock • 2 min read

The GCC's insurance market is expected to grow to $36.1bn (Dh132.58bn) in 2024 from $29.2bn in 2019, as regional governments push to strengthen regulations, introduce mandatory insurance lines and diversify the economy. The overall gross written premium (GWPs) in the six-member economic bloc of the GCCGulf countries is also expected to go up as countries such as Oman and Bahrain make medical insurance mandatory for its residents, Alpen Capital said in its latest GCC Insurance Industry repo...

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