Increased insurance business in the Middle East and North Africa and an escalation in Takaful, or Islamic insurance, have raised rating questions about new companies coming to market, a ratings agency said.
Standard & Poor's Ratings Services addressed those issues in analyses titled "Takaful: A New Face for Insurance" and "Credit FAQ: Rating Start-Up Insurance And Reinsurance Companies in the Middle East and North Africa."
The firm released the publications in advance of seminars it is holding on Feb. 5 and Feb. 6 in Dubai and Bahrain titled "Ratings at Work in the Capital Markets of the Middle East."
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