Saudi insurers face lull as profits recover: AM Best

Saudi Arabia's insurance sector recovered profitability in 2016
but faces market stagnation this year, according to AM Best.
The ratings agency said that while company disclosures suggested
the market had "turned the corner" in terms of earnings,
it expanded by only 1 percent last year. Growth was driven by
higher rates for motor insurance, with gross premiums for the line
rising by 12 percent.
But premiums from property and engineering insurance declined by
about 9 percent from the previous yea