MANAMA: The Middle East Insurance Forum’s 10th edition has seen more participants in terms of delegates and exhibitors, according to organisers of the MEIF 2014.
“This is very encouraging sign that despite some pressures in the markets, the Forum has attracted large number of delegates and exhibitors compared with the previous year,” David McLean, Chief Executive of the Middle East Insurance Forum on the sidelines of the Forum told The24X7News.
“Today, as we celebrate the 10th Anniversary of the Middle East Insurance Forum, the landscape of the regional insurance industry has undergone a significant transformation from what it was a decade ago, and the market still continues to experience significant changes. Given the positive economic outlook for the GCC region, the future of the regional insurance industry is increasingly bright with ample growth opportunities as the penetration rates in the region remain comparatively low when compared to the global average,” he said.
“With significant untapped potential in the region, it is essential that leading players in the industry focus on providing sophisticated and differentiated products with significant value propositions promote transparency and adopt international best practice in order to move towards a sustainable profitable growth path.”