Health Insurance to Drive Middle East MarketBy: Shushmul Maheshwari
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Health Insurance to Drive Middle East Market
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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 FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM178.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com |
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| Keywords |
Middle East Insurance Market Forecast to 2012, Middle East Insurance Market, Forecast For Middle East Insurance Market |
| Category |
Finance |
| Submission Date |
Jun 20, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Finance |
| 1. |
Russian Insurance Industry Gaining from Economic Stability
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Although the Russian insurance industry is fairly underdeveloped, it has immense growth potential and is poised to grow rapidly in coming years, said “Russian Insurance Industry Forecast to 2010”, a new research report from RNCOS. The value of the life insurance market is expected to grow at a CAGR of 4.6% during 2008-2011.
Many government initiatives such as opening insurance sector to foreign insurers and relatively stable economic environment in this tough time of economic downturn have not only given impetus to the insurance sector, but also encouraged people to invest in long-term products such as general insurance and life insurance in particular. Moreover, insurance companies will have to launch new products in the market to tap the rising demand. Amendments in tax regulations have reduced the size of non-risk-based products, making the market more transparent.
With the enactment of laws that mandate property insurance, the overall insurance market will certainly see an upward movement. At present, the Russian insurance market is fragmented and unstructured, with around 100 companies operating in it, most being very small and inadequately capitalized. However, the market will gradually stabilize on account of increasing trends of consolidation and regulatory developments.
“Russian Insurance Industry Forecast to 2010” provides broad overview of the Russian insurance industry and explores the market development and potential. The report also provides rational outlook and forecast on various segments of the industry, but they are not based on the complex economic model and instead give rough guide to the direction in which the market is likely to move.
The forecasts given in the report include per head disposable income, GDP per head, number of insurance companies, life and non-life insurance premium, aviation insurance premium, cargo insurance premium and reinsurance premium. The forecast enables clients to devise business strategy in accordance to the Russian insurance market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM099.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
RNCOS Releases a New Report- Booming China Insurance Sector
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RNCOS has recently added a new Market Research Report titled, “Booming China Insurance Sector” to its report gallery. China is one of the largest untapped and fastest growing insurance markets in the world. With rapid economic development and a burgeoning consumer class, China has the potential to become one of the most significant insurance markets in the world. Driven by a variety of demographic, economic and regulatory factors, this growth should continue at a solid pace in the foreseeable future, says our recent research report.
Exploring the market development and potential, this research report offers objective analysis on China’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future. This report therefore serves to provide foreign investors with an in-depth understanding of China’s insurance market.
Key findings of the report are:
- Personal insurance premium income is forecasted to grow at a CAGR of about 24% during our forecast period spanning from 2008 to 2012.
- Life insurance premium income is expected to rise to about RMB 1384 Billion by the end of 2012, growing at CAGR of about 25.5%.
- Growing role of bancassurance and investment-linked insurance products will decide the future of life insurance industry in the country.
- Property insurance premium income is forecasted to grow at CAGR of about 21% during 2008-2012.
- Booming China’s automobile (including two- and three-wheelers) industry will continue driving country’s property insurance market during the forecast period.
Report features:
- Detailed analysis on the current status of insurance market in China.
- Overview on the fastest growing products.
- Future outlook of the Chinese insurance market.
- Growth prospects and major roadblocks in the market.
Major players discussed in the report are:
This section provides an insight on key players in the insurance market of China. These include China Life Insurance Company Limited, PICC Property & Casualty Ltd, Ping An Group and China Pacific Insurance (Group) Co. Ltd.
Information in the report has been sourced from:
Books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Research methodology used in the report is:
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://www.rncos.com/Report/IM165.htm
Current Industry News: http://www.rncos.com/Blog/
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| 3. |
RNCOS Releases a New Report- Booming China Insurance Sector
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RNCOS has recently added a new Market Research Report titled, “Booming China Insurance Sector” to its report gallery. China is one of the largest untapped and fastest growing insurance markets in the world. With rapid economic development and a burgeoning consumer class, China has the potential to become one of the most significant insurance markets in the world. Driven by a variety of demographic, economic and regulatory factors, this growth should continue at a solid pace in the foreseeable future, says our recent research report.
Exploring the market development and potential, this research report offers objective analysis on China’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future. This report therefore serves to provide foreign investors with an in-depth understanding of China’s insurance market.
Key findings of the report are:
- Personal insurance premium income is forecasted to grow at a CAGR of about 24% during our forecast period spanning from 2008 to 2012.
- Life insurance premium income is expected to rise to about RMB 1384 Billion by the end of 2012, growing at CAGR of about 25.5%.
- Growing role of bancassurance and investment-linked insurance products will decide the future of life insurance industry in the country.
- Property insurance premium income is forecasted to grow at CAGR of about 21% during 2008-2012.
- Booming China’s automobile (including two- and three-wheelers) industry will continue driving country’s property insurance market during the forecast period.
Report features:
- Detailed analysis on the current status of insurance market in China.
- Overview on the fastest growing products.
- Future outlook of the Chinese insurance market.
- Growth prospects and major roadblocks in the market.
Major players discussed in the report are:
This section provides an insight on key players in the insurance market of China. These include China Life Insurance Company Limited, PICC Property & Casualty Ltd, Ping An Group and China Pacific Insurance (Group) Co. Ltd.
Information in the report has been sourced from:
Books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Research methodology used in the report is:
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://www.rncos.com/Report/IM165.htm
Current Industry News: http://www.rncos.com/Blog/
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| 4. |
China Credit Card Market Outlook to 2013
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According to our report, China's credit card market has reported remarkable growth over the past few years, albeit growing from a small base. The country issued more than 50 Million credit cards during 2008, taking the total number of credit cards in circulation to over 150 Million. These numbers are projected to continue growing in the next few years, despite the current economic crisis, says “China Credit Card Market Outlook to 2013”, a new report from RNCOS.
Factors like rapidly growing middle class, government support and low penetration of credit cards in China are anticipated to drive the future numbers; however, the pace of growth may slow down. Foreign banks will seek to play a more important role in the competition in the domestic market over the forecast period. This is largely due to that the current industry structure is dominated by the state-owned banks such as Industrial and Commercial Bank of China (ICBC), China Merchants Bank and China Construction Bank.
“China Credit Card Market Outlook to 2013” provides extensive research and rationale analysis of the credit card industry in China. The report thoroughly examines the current industry trends which are adding to the growth of the Chinese credit card industry. Forecast in this research has been done considering the possible impact of recession on the industry. In this regard, the report will help clients to have proper insight of the current and future outlook of credit cards market in China.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM002.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 5. |
RNCOS Releases a New Report- Middle East Banking - Corporate Loan a Hot Opportunity
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RNCOS has recently added a new Market Research Report titled, “Middle East Banking - Corporate Loan a Hot Opportunity” to its report gallery. The Middle East (ME) region is one of the world's fastest growing banking markets. The commercial banks that operate in competitive environment (with less direct government intervention, low market concentration and where foreign banks are allowed entry) are likely to be more efficient in coming years in the region. Most importantly, despite financial crisis in the world, banking sector in the region looks fundamentally strong, according to “Middle East Banking - Corporate Loan a Hot Opportunity”, our new research report.
As per our study, we believe the global recession will have insignificant impact on the industry because of the conservative investment strategies practiced in the region. Thus, they have got least exposure to the US financial and property market and other problematic assets. This conservativeness is expected to pay in the years to come and banking sector in the region will continue to grow.
Central banks and other governing bodies in the region are taking many proactive measures to avoid any kind of discrepancies in the future, although the region is least affected compared to other parts of the world.
This research provides extensive research and in-depth analysis on the country-wise banking sector in the Middle East, their products and services. It will help clients to analyze the leading-edge opportunities critical to the success of the banking Industry in the countries of Middle East. Detailed data and analysis help investors, financial service providers and global banking players navigate through the evolving banking sector in the Middle East.
Key industry forecasts (2009-2012)
- Total Middle East bank assets
- Assets, loans and deposits for each country
Key Players
This section provides a business overview of several prominent players in the industry, including National Bank of Bahrain, Bank Hapoalim Ltd, National Bank of Kuwait, National Commercial Bank, Oman International Bank, Jordan Ahli Bank, Bank Saderat Iran, National Bank of Dubai, Qatar National Bank and Akbank.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM174.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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