Saudi Arabia Insurance Premium to Nearly Quadruple by 2013

As per our recently released research report "Saudi Arabia Insurance Market to 2012", with some regulatory developments in compulsory motor insurance and co-operative insurance, the Saudi Arabian insurance industry is poised for tremendous growth in the years to come. It is expected to grow at a CAGR of 25-30% during our forecast period (2009-2013). As the market is largely untapped and has huge growth potential, it has mostly been immune to the global financial crisis which has significantly affected other sectors in the country.
 
Most of the insurers are seen optimistic and confident about their future plans for the expansion in the country. They are re-evaluating and customizing their products on a regular basis to meet diverse requirements of clients. Our research finds that there is a strong need for insurers to widen their product portfolio, explore innovative and specialized insurance products to address the changing requirements of customers belonging to various niche categories.
 
The report is an outcome of extensive research and detailed study of the insurance sector in Saudi Arabia. Taking into consideration the recent industry developments and changes in macroeconomic variables amidst the global financial crisis, the report features forecasts for all the important industry aspects like health insurance, protection and savings insurance, motor, property/fire insurance, marine insurance, engineering and aviation insurance.
 
"Saudi Arabia Insurance Market to 2012" also identifies the key players in the Saudi insurance market, their market share and business strategies, which can prove beneficial to new entrants. In addition, the report talks about regulatory environment, recent regulatory developments and requirement for foreign ownership in the domestic insurance market. The report also reveals the emerging opportunity areas and growth constraints which need to be addressed. Therefore, the report is a complete guide to investors (new entrants as well as existing players wishing to expand) in the Saudi Arabian insurance market.

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