According to our new report entitled “Saudi Arabia Insurance Market Analysis”, the Saudi Arabia insurance sector has effectively managed to perform positively even in the face of slowdown. The total amount of insurance premium reached to the mark of SAR 14.6 Billion in 2009, and SAR 16.4 Billion in 2010. Factors, such as increasing awareness level, burgeoning demand for health insurance, regulatory initiatives, and private sector participation have contributed to this growth. As the government has made health insurance compulsory for expatriates, the number of persons opting for insurance is likely to augment in future.
We have found that categories under the non-life insurance segment will boost the overall Saudi Arabia insurance sector. Compulsory branches of insurances, such as health and motor insurance have already witnessed a significant growth during the past few years. Prominent growth of the premium amount under aviation insurance in 2010 has further sustained the momentum of non-life insurance segments.
The report “Saudi Arabia Insurance Market Analysis” is an outcome of extensive research and detail study of the insurance sector in Saudi Arabia. It investigates each of the insurance products in detail and provides reliable statistics. The report also analyzes the current market trends and outlines their future impact. The government regulations and role of concerned associations have also been included so that the clients may get the knowledge of the requirements.
The report covers almost all the key aspects of the Saudi Arabia insurance market and makes use of proper base and techniques for the future outlook. The report also investigates the pattern of macroeconomic variables and their impact on the insurance sector. The description of key market players in the report seeks to present the competitive landscape of the insurance sector. Overall, the report is likely to help clients to get an idea about the direction in which the sector is likely to move in the coming years.
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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.