Global Advanced Research Journal of Economics, Accounting and Finance (GARJEAF)
December 2017 Vol. 5(1), pp. 001-007
Copyright © 2017 Global Advanced Research Journals
Full Length Research Paper
Impact of the Financial World Crisis on the Arabic Insurance Market
Mohamed Elhag Abdalla Musa Ali
The National Ribat University- Faculty of Economics, Sudan.
Corresponding Author Email: wadalhag7@gmail.com
Accepted 24 November 2017
Abstract
The economic effects of the current financial world's crisis included acute declines in economic output, a decline in the value of currencies, and rises in inflation, interest rates and aggravated debt, all that produced multiple effects on the Arab and world insurance market, presented in the declination of demand for insurance, which led to a decline in new business , rise in insurance rates, caused an increase in the value of claims as a result of price increases and existence of mismatch between assets and liabilities, which reduces the solvency of insurance companies.
Keywords: world Financial Crisis, insurance, Takaful Insurance.
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