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ARTICLE · 17 APRIL 2013

Middle East Insurance: Optimism Tempered By Caution?

Clyde & Co
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Plans were recently announced to construct the world's biggest Ferris wheel in Dubai, where the world's tallest hotel has just opened.

United KingdomInsurance
Clyde & Co LLP
Clyde & Co LLP
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Plans were recently announced to construct the world's biggest Ferris wheel in Dubai, where the world's tallest hotel has just opened. The world's biggest mall announced, trumping the existing biggest, also in Dubai. Looking towards the Qatar World Cup in 2022, one estimate puts the number of additional hotel rooms required at 80,000. A return to the vibrant growth and prestige projects of the pre-2008 years? With the developed world experiencing near saturation in some insurance sectors, hopeful eyes have continued to be focussed on the Middle East as a source of potential growth, with its rates of low penetration for both short and long term retail products, and for more complex commercial covers.

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