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Reinsurance premium income in GCC region on the rise: Officials

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Experts say that reinsurance premium volume in the Gulf Cooperation Council region has been increasing, primarily because of big infrastructure projects in Saudi Arabia and Qatar, reported Gulf Times.

"The economic expansion happening in Qatar, Saudi Arabia and the UAE" is helping the reinsurance market grow, said an official at Willis Group Holdings P.L.C., adding that the "low exposure to natural catastrophes makes the region very attractive to providers."

Experts also said the Islamic insurance sector is expanding in the region.

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