We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Dubai debt insurance costs rise

Emirate now ranks as one of the riskiest markets in the world for sovereign debt.


February 13, 2010 8:02 by

Dubai is now considered one of the riskiest sovereigns in the world in terms of insuring debt, ranking behind only Argentina, Venezuela, Ukraine and Pakistan.

According to CMA DataVision, Dubai’s five-year credit-default-swap spread – a measure of credit risk – rose in late trading on Friday, according to the Wall Street Journal.

It now costs $636,000 a year to insure a notional $10 million of Dubai’s sovereign debt against default for five years. This reflects “a combination of…a massive debt buildup, overreliance on short-term debt of variable quality and help by a wealthy neighbor,” the newspaper quoted credit strategists at BNP Paribas SA as saying in a note to clients.



1 Comment

  1. Basel A-Shaban on February 14, 2010 8:59 am

    Not surprising at all.


Leave a Comment