AM Best to Host Webinar on the Impact of Oil Price Movements and COVID-19 on Middle East and North Africa (MENA) Markets

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FOR IMMEDIATE RELEASE

LONDON - APRIL 02, 2020 09:58 AM (EDT)
AM Best will host a complimentary webinar on 7 April 2020, at 9 a.m. (GMT). A sudden drop in oil prices in March 2020, further spooked financial markets already unsettled by the accelerating spread of the coronavirus (COVID-19). Oil prices have been hit by both weakened demand due to the COVID-19-related economic slowdown and excess supply. OPEC+ supply discussions broke down after the failure of negotiations between two of the largest oil producers, Russia and Saudi Arabia. On 17 March 2020, the Brent Crude futures price dropped to below USD 30, for the first time since 2016. This AM Best webinar considers the potential impact of the oil price drop and COVID-19 on the insurance markets in the Middle East and North Africa.

Register now: www.ambest.com/webinars/oil .

Presenters:

• Vasilis Katsipis (host), general manager, Market Development;


• Salman Siddiqui, director, Analytics;


• Valeria Ermakova, associate director, Analytics; and


• Jessica Botelho-Young, CA. senior financial analyst, Analytics.

Attendees can submit questions during registration or by emailing webinars@ambest.com. Playback will be available to registered viewers shortly after the event.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.