UAE Life-Insurance Sector to Boom

As per our new research report “UAE Insurance Market Forecast to 2012”, the UAE life insurance sector is expected to witness impressive growth rate in the coming years. Despite the growing concerns of poor awareness in the majority of population, the industry is projected to grow at a CAGR of around 25% during 2010-2013. We have found that growth in the life-insurance industry will be mainly driven by rising demand for life-insurance by the expat population and prospering middle class population, which would encourage people to go for a life-insurance coverage.

 

Our research indicates that the increasing penetration of foreign companies will spur the optimistic performance of the life-insurance industry in the UAE. Since the penetration rate of insurance is very low, the industry will observe a slew of innovative schemes and better coverage by the companies for urban as well as rural population.

 

Besides, we have done an extensive research and prudent analysis of the UAE insurance industry in order to understand the factors that will continue to serve as the drivers of the UAE insurance market in the coming years. We have identified that various factors such as strong economic growth and favorable demographic statistics have been propelling growth in the market. The report also gives insight into the role of private players in the rapid growth of the UAE insurance industry.

 

"UAE Insurance Market Forecast to 2012" contains comprehensive information and in-depth analysis of the insurance market in the UAE, with focus on key products and services. The report gives an overview of insurance market structure and studies market trends to help clients analyze the leading-edge opportunities in the insurance Industry. Detailed data and analysis help investors, financial service providers and global insurance players to navigate through the evolving insurance sector in the country.

 

The report also gives forecast for different segments of the insurance industry, including life insurance, medical insurance, accident and liability, fire, and other non-life insurance segments. It gives deep insight into each industry parameters like key market drivers, emerging segments, competitive landscape and market restraints. Most importantly, the report gives future outlook for all the important aspects of the industry considering the effects of global economic crisis on base drivers, opportunities and challenges faced by the insurance industry.

For more information visit: http://www.rncos.com/Report/IM023.htm