(MENAFN) Insurance industry in the GCC countries has tripled between 2006 and 2013, as insurance premiums boosted from USD6.4 billion to USD18.4 billion, according to Arab News.
Moody's said that increasing mandatory insurance covers have also helped increase market awareness.
Moody's also said that regulatory measures being rolled out in the GCC aim to enhance the credit profile of the region's insurance market and aid market stability.
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