To what extent has a general lack of awareness of insurance inhibited the development of the non-compulsory market segment?
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Interviews & Viewpoints | OBG talks to S. Ganbold, Insurance Market Department Director, Financial Regulatory Committee (FRC) from The Report: Mongolia 2012
Articles & Analysis | Eastern promises: Old traditions join modern life in this resource-rich country from The Report: Mongolia 2012
Bounded by Russia to the north and China to the south, Mongolia is a vast country and sparsely populated – larger than Western Europe, but with a population of barely 3m people. The country of wind-swept steppes, plains and deserts is famous for its nomadic tradition, still influential despite rapid development. However, stable and democratically-...
Nestled between Iraq and Saudi Arabia in the northwest corner of the Gulf, Kuwait has been a leader of Arab democracy and one of the most liberal nations within the GCC since the country gained independence in 1961. Economically, the country also has a bright future, with strong public finances, a young and well-educated population and vast oil deposits.
Economic update | Ghana: Managing banking growth
29 Feb 2012
Ghana’s banking sector has seen substantial expansion in recent years, after a central bank push for higher recapitalisation requirements led to a quadrupling of bank capitalisation from end-2008 to end-2011. The Bank of Ghana (BOG) is now encouraging banks to list on the stock exchange to spur growth in the wider economy.
Benefitting as it does from a respected regulatory environment and rising demand, Bahrain’s insurance industry already performs well among its peers. An increase in infrastructure spending, however, and a renewed government focus on the sector stand to boost its growth even further.
Economic update | RAK: Growing banking prospects
24 Feb 2012
The financial sector in Ras Al Khaimah (RAK) performed well in 2011, with banking institutions weathering uncertain global economic conditions. Expected investments from the government and private sector, meanwhile, are set to keep capital flowing in and offer opportunities for further growth.