Market pricing sustainability and practices in the Gulf Cooperation Council region
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Author (Corporation)
Publication date
2026
Type of student thesis
Course of study
Type
04A - Book part
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Parent work
Sustainable and Resilient Supply Chain Management in MENA. Challenges, Innovations, and Policy Perspectives
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Issue / Number
Pages / Duration
227-246
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Publisher / Publishing institution
IGI Global Scientific Publishing
Place of publication / Event location
Hershey
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Abstract
The Arab Gulf States global trade activities have led to constant variation in marine cargo insurance capacity and cycles. A perceived lack of insurance cycles consequently influences insurers underwriting profits when operating in member countries of Gulf Cooperation Council (GCC). This exploratory review examined the terms and conditions of market pricing sustainability, the isolating actions deployed to mitigate the insurance cycle's effects, and the cultural norms and practices influence on underwriting. An analysis of a ten-year quantitative data set showed a lack of evident outcome in the insurance capacity and their level of profitability in the region's dense competition between insurers in the overall GCC market. Thus, this review further interviewed marine department heads or dedicated marine cargo underwriters from the region to explain insights and the chosen decisions. The perspicacity of two professional underwriters with knowledge of this region's marine cargo insurers contributed additional value to the data.
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ISBN
979-83-373-6950-1
979-83-373-6951-8
979-83-373-6952-5
979-83-373-6951-8
979-83-373-6952-5
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Language
English
Created during FHNW affiliation
Yes
Strategic action fields FHNW
Publication status
Published
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Expert editing/editorial review
Open access category
Closed
Citation
Bailey, J., & Lim, L. K. (. (2026). Market pricing sustainability and practices in the Gulf Cooperation Council region. In R. Awashreh & A. A. Hamid (Eds.), Sustainable and Resilient Supply Chain Management in MENA. Challenges, Innovations, and Policy Perspectives (pp. 227–246). IGI Global Scientific Publishing. https://doi.org/10.4018/979-8-3373-6950-1.ch009