Credit rating agency S&P expects stability and credit ratings for Gulf insurance companies in the short and medium term, despite regional repercussions. The agency explains that this stability is supported by the strength of capital and the power of accumulated profits over recent years. It notes that most rated insurance companies in the region have sufficient capital buffers to absorb market volatility and an increase in claims related to the war. The agency adds that these claims are often excluded from traditional insurance policies or covered through global reinsurance, which limits the net risk exposure of the companies.
