UAE to Witness Strong boost in Life Insurance Sector
UAE life insurance premium is anticipated to grow at a CAGR of over 25% during 2010-2013, says RNCOS in its latest research report.
- (1888PressRelease) January 28, 2011 - According to our latest report "UAE Insurance Market Forecast to 2012", the UAE insurance industry has been witnessing noteworthy upsurge for the past few years. The huge untapped insurance market in the country has been providing tremendous opportunities for expansion to the existing as well as new players especially in the life insurance segment. It is expected that the life insurance premium will grow at a CAGR of around 25% during 2010 - 2013.
As per our research, the increasing awareness level and penetration of foreign insurance companies will fuel growth in the industry. Moreover, increasing income levels and growing expatriate population in the country will broaden the market for life insurance products. Along with this trend, various other strong fundamental drivers discussed and analyzed in the report will enable this segment to sustain its upward growth trend in the coming years.
Apart from life insurance segment, we have also analyzed various sub-segments of non-life insurance sector such as, accident & liability, fire, marine, aviation & inland and transport and medical insurance. We have found that among these sectors the medical insurance sector will witness massive market developments during 2010-2013. This segment will continue to observe robust growth on the back of the reasons discussed and analyzed in the report.
Further, our report provides extensive analysis of the UAE insurance industry and the factors that will continue to serve as the growth drivers for the country's insurance market during coming years. The report also provides insight into the role of private players in the rapid growth of the UAE insurance industry.
Our report " UAE Insurance Market Forecast to 2012", gives an overview of the insurance market structure and studies the market trends to help clients analyze the leading-edge opportunities in the UAE insurance industry. Detail data and analysis help investors, financial service providers, and global insurance players to navigate through the evolving insurance sector of the country. It gives deep insight into each of the industry parameters like, key market drivers, emerging sectors in the industry, competitive landscape, and market restraints. Most importantly, the report presents future outlook for all the important aspects of the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM023.htm
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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