Health Insurance Market in Saudi Arabia Poised for Growth

According to our research report "Saudi Arabia Insurance Market to 2012", the Saudi Arabian insurance industry has emerged as one of the fastest growing insurance industries across the world. Our research reveals that health insurance is one of the fastest growing insurance lines in the country. It accounted for 50% of the overall insurance market in 2009. The health insurance sector is expected to grow at a fast pace, on the back of increasing involvement of private companies & the obligation for foreign nationals and foreign pilgrims buying insurance covers. The healthcare insurance is expected to witness a CAGR of more than 32% during 2010-2012. Our report has discussed all the factors that are driving growth in the health insurance industry.

The general insurance category has also shown substantial growth despite, being heavily hit by the financial crisis. Property and aviation insurance are expected to emerge as the fastest growing general insurance segments during the forecast period. Our report provides an extensive analysis on all the categories of general insurance and also on protection and savings insurance. Besides, the report has studied the drivers responsible for the growth of these segments, with future forecast till 2012.

Our study shows that 'Takaful Insurance' is emerging as one of the fastest growing segments in the insurance industry of Islamic countries such as, Saudi Arabia, the UAE, Sudan, etc. As per our research, Saudi Arabia has emerged as the largest market for 'Takaful Insurance' followed by Malaysia. There are also other areas, which are emerging up in the Saudi Arabia insurance market. Our report provides a deep in-sight into these areas along with the factors responsible for their growth.

We have found that the Saudi Arabian insurance sector was unregulated prior to the passing of the Control of Cooperative Insurance Companies Law. The report has covered the regulatory environment of the industry. The report also analyzes the pattern of macroeconomic variables and their impact on the insurance sector. Moreover, our report has discussed the industry drivers and competitive landscape.

For more information visit: http://www.rncos.com/Report/IM024.htm