As per our recent report “Middle East Insurance Market Forecast to 2012”, the Middle East has emerged as a growing market for insurers across the world with a rapid transformation in its insurance industry. As per our estimations, insurance premium is expected to grow at a rate of 25% during 2010-2013 as compared to a growth rate of 14% in 2007-2009. Saudi Arabia will witness the highest CAGR of 37%, followed by UAE and Bahrain during the forecast period.
The report covers in depth research of GCC (Gulf Cooperation Council) nations including Kuwait, Bahrain, Saudi Arabia, Qatar, United Arab Emirates and Oman. Along with that, the insurance industry of Turkey, Iran, Israel and Jordan are also analyzed. The report details the market size of all these countries, like Israel in 2009 was the largest market in the region for Insurance premium followed by Turkey and the UAE. Share of local and foreign insurance companies in few countries are also covered in the report.
The research report provides an extensive evaluation of Life and Non-life insurance segments. Non life insurance segments like health, motor, marine, fire insurance are well analyzed. Islamic Insurance is another growing area in Middle East and the report also covers Takaful share in different countries.
Additionally, various growth opportunities and hurdles present in Middle Eastern countries are discussed in the report. On one hand, increment in new car registration will boost insurance segment, and at the same time, the lack of skills and training can hinder segments’ growth.
“Middle East Insurance Market Forecast to 2012” is a comprehensive research report that comprises quality research and analysis on the insurance market in Middle East. It studies the emerging market trends, recent developments and their impact on the sector. The report will help clients to examine the leading-edge opportunities, expected future outlook and all the other factors which are critical to the success of a new entrant in the Middle East Insurance Sector.
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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.