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Is GCC insurance industry ready for the change?

By TRENDS Desk
December 11, 2022 9:05 pm
  • PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness "the momentum they have gained" to meet new challenges.
  • "Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world," says Sanjay Jain of PwC.

Dubai, UAE—PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness “the momentum they have gained” to meet new challenges, such as macroeconomic and structural headwinds, volatility and increase in interest rates, increased demands regarding climate risks and the exponential growth in digital innovation.

“Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world,” Sanjay Jain, Partner, Financial Services and Insurance Leader at PwC Middle East, recently when the firm released a report, “Next in Insurance: Key trends shaping the future of the Middle East’s Insurance Industry”. TRENDS takes a look at how the pandemic has changed the customer behavior.

 

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