Analysis from AM Best suggests preparation for the new regime varies significantly by country and insurer. A new Best’s Commentary, "Market Preparedness for IFRS 17 in the MENA Region Varies," notes that in general, companies operating in the region’s more-mature regulatory environments show greater readiness for IFRS 17. There is a less consistent picture among the region’s small carriers and in markets with less oversight. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. View source version on businesswire.com: https://www.businesswire.com/news/home/20220530005061/en/Story continuesContactsWilliam Keen-Tomlinson, ACAAssociate Director, Analytics+44 20 7397 4395will.keen-tomlinson@ambest.comRichard BanksDirector, Industry Research – EMEA+44 20 7397 0322richard.banks@ambest.comAlex Rafferty, ACAAssociate Director, Analytics+44 20 7397 0312alex.rafferty@ambest.comEdem KuenyehiaDirector, Market Development & Communications+44 20 7397 0280edem.kuenyehia@ambest.com

Source: The North Africa Journal May 30, 2022 07:23 UTC