Despite the rigorous demands of adopting IFRS 17, listed GCC insurers achieved record revenue growth of 19% in 2023, reaching USD 32.2 billion. Dive into the data shaping regional M&A activity, strategic maneuvers, and market expansion.
The GCC insurance landscape demonstrated remarkable resilience in Q3 2023, achieving a 91% IFRS 17 adoption rate. Review the latest market analysis covering significant regulatory progress and shifting equity paradigms across listed insurers.
By Q2 2023, 83% of listed GCC insurers had successfully transitioned to IFRS 17 frameworks. Explore our analysis of regional trends, exploring how shifting regulatory demands continue to evolve equity and profitability metrics across the sector.
With 78% of listed GCC insurers adopting IFRS 17 by Q1 2023, the financial landscape has fundamentally shifted. Dive into our data detailing why overall equity impact was negligible while net profits and combined ratios saw favorable gains.
The economic impact of COVID-19 forced companies to re-evaluate impairment methodologies. Review the crucial differences between IAS 39 and IFRS 9, and learn how to accurately measure Expected Credit Losses for Trade Receivables.