Good prospect for the Gulf's auto market in the in 2014

According to a report from AM Best, the market of motor insurance in the Gulf countries should grow significantly this year.

The rating agency retains in its forecast the steady decline in the number of uninsured vehicles and the increasing number of traffic accidents that should encourage insurers to raise their rates.

Medical and motor industries already accounted for 59% of the premiums collected by the non-life sector in 2013.