Low Penetration Level Makes Middle East Insurance a Lucrative Sector

With the total insurance penetration below 10% of insurable population in the Middle East, it is expected that the region will witness rapid growth in near future. As per our research report “Middle East Insurance Market Forecast to 2012”, takaful will play a major role in the Middle East insurance sector. In the past, it has grown at a rate of 135% in the UAE, followed by 69% in Bahrain. Young educated population and government initiatives will fuel growth in the insurance sector of the region.

 

The report gives comprehensive information and an in-depth analysis of the insurance industry of various countries present in the Middle East. These countries include Kuwait, Bahrain, Saudi Arabia, Qatar, United Arab Emirates, Oman, Turkey, Iran, Israel and Jordan. The report gives details about the market size of these countries and states that Israel was the largest market in the region for insurance premium, followed by Turkey and UAE. Additionally, the report forecasts the future growth rates of the insurance markets in all these countries.

 

We have also analyzed both the growth factors and hurdles present in the Middle East insurance segment. It will help the client to get an unbiased view of the market. Both the life and non life insurance segments are separately studied in the report. Further, the life insurance market share is compared with the non-life insurance market share. Other segments of non life insurance like compulsory Motor Third Party Liability (MTPL) insurance have been analyzed for all the major countries of the Middle East.

 

“Middle East Insurance Market Forecast to 2012”covers the entire insurance sector of the Middle East and its future forecasts. The report provides all necessary information and reflects the true picture of insurance market. It will help clients to make prudent investment decision and plan business strategies. In this way, the report presents a complete and coherent analysis of the Middle East insurance industry.

For more information visit: http://www.rncos.com/Report/IM178.htm