According to our new research report, “UAE Insurance Market Forecast to 2012”, the insurance market in the UAE is growing at a CAGR of more than 35% on the back of highly untapped market, rising health consciousness and government initiatives particularly in the field of medical insurance. Moreover, the UAE insurance market is smaller than other insurance industries across the globe, providing tremendous opportunities for expansion to existing as well as new players.
The market will continue to register high growth despite rising concerns in the global financial market as the long-term prospects for the insurance sector, particularly life insurance, look very bright. Rising income level and growing number of expatriates will widen the market for life insurance policies with saving component in coming years.
The report provides exhaustive research and in-depth analysis on fast developing insurance sector in the UAE. It studies the market structure and evaluates current as well as past trends to help clients to analyze the leading-edge opportunities critical to the success of insurance industry in the country. Detailed data and rational analysis will help clients to navigate through the evolving insurance market of the country.
The report also features forecasts (2009-2012) on premium of following insurance branches/sub-branches:
- Life
- Non-life
- Accident & Liability
- Fire
- Marine, Aviation and Transport
- Medical
The forecast given in the report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers.
Key Players
This section provides business overview on the prominent players operating in the UAE insurance industry, including Abu Dhabi National Insurance Company, Emirates Insurance Company and Al Ain Ahlia.
