The country’s insurance sector is continuing to see steady growth despite difficult economic conditions and the burden of underwriting unprofitable motor insurance. In 2011 demand increased across all segments, particularly medical, fire and life. Indeed, the life insurance segment is seen as having one of the highest potentials for growth, due to its relatively low penetration compared to other...
Financial Services
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Chapter | Capital Markets from The Report: Jordan 2012
Following four difficult years, 2012 looks set to be a turning point for the stock exchange as institutions and investors ready themselves for a stronger climate of investment and growth. In 2011, Jordan’s capital markets continued to suffer from wider regional and domestic events as investors’ fears were stoked by low economic growth, a tightening of fiscal spending and high interest rates. More...
Jordan’s banking sector emerged from the global economic crisis in good health, providing much needed economic stability throughout 2011. Of the 17 banks that had declared year-end results for 2011 by March 2012, all reported positive net profits, and sum profit across these banks increased by nearly 25% on 2010. While the sector faces challenges in the form of increasing rates of non-performing...
Economic update | Nigeria: Advancing mobile banking
12 Jul 2012
A wave of agreements signed between telecoms companies and financial institutions in Nigeria looks set to shore up a nationwide campaign to boost mobile banking services aimed at moving the country along the path of becoming a cashless society.
Concerned that the deepening uncertainty over the debt crisis in the eurozone, combined with a general slowing of the global economy, could impact the country’s capital markets, Thailand is keeping a wary eye on the situation in Europe.
The insurance sector is forecast to see substantial growth in the next few years as continued diversification, consolidation and international activity spur rising premiums and uptake of new services. Moderate GDP growth for the rest of the year, however, could pose a challenge to growth as the effects of a weakening global economy trickle down to private consumers.