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Health Insurance to Drive Middle East Market
Mar 05, 2009
RNCOS, in its new report “Middle East Insurance Market Forecast to 2012”, says that with growing demand for non-life insurance products on the back of increasing demand for private medical insurance and motor insurance renewals, the insurance premium in the Middle East is expected to grow over 20% between 2009 and 2012.
As per our research, non-life insurance segment will be a key contributor to the growth in the Middle East insurance market, with motor insurance accounting for majority of insurance premiums. However, the growth will be led by health and medical insurances. The expatriate workforce in the UAE has shown strong inclination toward employment benefits to include broadly-based contracts offering group insurances and strictly private medical insurance coverage.
With rising competition in regional economies, insurers and financial experts have seen dramatic changes in the wider range of benefits that professional expats have automatically come to expect in their employment contracts. In an increasingly competitive market, employers are offering a wider range of employee benefits to attract and retain qualified and experienced people.
“Middle East Insurance Market Forecast to 2012” provides comprehensive research and in-depth analysis of the country-wise insurance sector in the Middle East, their key products, and services. The report helps clients to analyze the leading-edge opportunities critical to the success of the insurance Industry in the Middle East. Detailed data and analysis enables investors, financial service providers and global insurance players navigate through the evolving insurance sector in the Middle East.
The report supplements the past and current information of the Middle East insurance market with forecast on various important industry segments. Apart from the consolidated information on the region, report offers country specific information on the UAE, Saudi Arabia, Turkey, Qatar, Jordan, Bahrain, Kuwait, Iran, Israel and Oman.
For more information visit: http://www.rncos.com/Report/IM178.htm
Related Releases are as follows:
- Advent of Global Reinsurance Companies in the Indian Market is Rekindling the Indian Health Insurance Industry
- Rising Awareness and Increasing Internet Penetration in the Country is Propelling the Health Insurance Industry
- Flexible Insurance Products by Players Gaining Attention
- Technological Adoption Propelling Insurance Industry
- Reinsurance Companies Investing in the Indian Health Insurance Industry
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