GCC insurance industry picks up speed

As international business continues its steady stream into the Gulf Cooperation Council (GCC) area, growth in the region’s insurance markets is accelerating, writes Kevin Godier.

The six GCC states have experienced breathtaking economic growth in recent years, witnessed by an estimated total of US$1.25tn of public and private projects planned or underway. As the level of insurable assets continues to rise, the world’s largest brokers and underwriters are keenly eyeing the opportunities.