TITLE

GCC: Better underwriting approach can increase profits by 20%-30%

PUB. DATE
December 2009
SOURCE
MiddleEast Insurance Review;Dec2009, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the need of an underwriting right among Gulf Cooperation Council (GCC) insurance companies in the Middle East. It states that underwriting is a must so that insurance firms can improve their operational excellence which then lead to profitability by 20% to 30% and a boost on market share. It stresses that underwriting scheme will provide a leeway for cost effectivity and improvement on loss ratio.
ACCESSION #
47271925

 

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