LONDON - Friday, May 16th 2014 [ME NewsWire]

(BUSINESS WIRE)-- A.M. Best will participate in the 2nd Annual Bancassurance Conference for Middle East & Africa, to be held 19-20 May in Dubai, UAE.

A.M. Best will be represented by Vasilis Katsipis, General Manager – Market Development, A.M. Best MENA South & Central Asia, who will be speaking on the “Importance of Ratings to Bancassurance” on 19 May.

Mr Katsipis said: “Bancassurance developments in the Middle East are lagging behind those in Europe and the Far East. Policyholder protection is taken for granted in these early stages of the market development. Yet, there have been cases of insurer impairment due to regulatory intervention in the region. Insurer impairment in a bancassurance structure is detrimental to policyholder liabilities and can adversely affect the counterparty bank.”

To learn more about Best’s Credit Ratings, please visit Best’s Ratings and Criteria Center at www.ambest.com/ratings. Information about the conference is available at www.uni-global.eu/en/event/2014-154.

To arrange a meeting with Mr Katsipis, please e-mail leen.alshurafa@ambest.com.

A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company, the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts
A.M. Best
Charlotte Jackson
+(44) 20 7626 6264
charlotte.jackson@ambest.com

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