Report Summary
According to our new research report, "UAE Insurance Market Forecast to 2012", the insurance market in the UAE is growing at a CAGR of more than 35% on the back of highly untapped market, rising health consciousness and government initiatives particularly in the field of medical insurance. Moreover, the UAE insurance market is smaller than other insurance industries across the globe, providing tremendous opportunities for expansion to existing as well as new players.
The market will continue to register high growth despite rising concerns in the global financial market as the long-term prospects for the insurance sector, particularly life insurance, look very bright. Rising income level and growing number of expatriates will widen the market for life insurance policies with saving component in coming years.
The report provides exhaustive research and in-depth analysis on fast developing insurance sector in the UAE. It studies the market structure and evaluates current as well as past trends to help clients to analyze the leading-edge opportunities critical to the success of insurance industry in the country. Detailed data and rational analysis will help clients to navigate through the evolving insurance market of the country.
The report also features forecasts (2009-2012) on premium of following insurance branches/sub-branches:
* Life
* Non-life
* Accident & Liability
* Fire
* Marine, Aviation and Transport
* Medical
The forecast given in the report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers.
Key Players
This section provides business overview on the prominent players operating in the UAE insurance industry, including Abu Dhabi National Insurance Company, Emirates Insurance Company and Al Ain Ahlia.
Report Outline
1. Analyst View
2. Macro Economic Overview
3. Insurance Market Structure
4. Market Forecast to 2012
4.1 Life Insurance
4.2 Non-life Insurance
4.2.1 Accident and Liability
4.2.2 Fire
4.2.3 Marine, Aviation and Transport
4.2.4 Medical Insurance
5. Market Trends
5.1 Islamic Insurance-An Emerging Opportunity
5.2 Liability Insurance-A New Avenue for Growth
5.3 Private Pension Funds
5.4 Investment Strategy
5.5 Bancassurance
6. Competitive Landscape
List of Figures:
Figure 2-1: Real GDP Growth (%), 2008-2013
Figure 2-2: Per Capita Income ('000 AED), 2006 & 2007
Figure 3-1: Insurance Premium by City (%), 2006
Figure 4-1: Insurance Premium (Million AED), 2005-2008
Figure 4-2: Share of Life and Non-life Insurance Premium (2008 & 2012)
Figure 4-3: Life Insurance Premium (Million AED), 2005-2008
Figure 4-4: Share of Local and Foreign Firms in Life Insurance Premium (2007)
Figure 4-5: Forecast for Life Insurance Premium (Million AED), 2009-2012
Figure 4-6: Non-life Insurance Premium (Million AED), 2005-2008
Figure 4-7: Share of Local Non-life Insurance Firms in Retention of Premium by Sub-category (2007)
Figure 4-8: Forecast for Non-life Insurance Premium (Million AED), 2009-2012
Figure 4-9: Non-life Insurance Premium by Segment (%), 2008
Figure 4-10: Accident and Liability Insurance Premium (Billion AED), 2006-2008
Figure 4-11: Forecast for Accident and Liability Insurance Premium (Billion AED), 2009-2012
Figure 4-12: Fire Insurance Premium (Billion AED), 2006-2008
Figure 4-13: Forecast for Fire Insurance Premium (Billion AED), 2009-2012
Figure 4-14: Marine, Aviation and Transport Insurance Premium (Billion AED), 2006-2008
Figure 4-15: Forecast for Marine, Aviation and Transport Insurance Premium (Billion AED), 2009-2012
Figure 4-16: Medical Insurance Premium (Billion AED), 2006-2008
Figure 4-17: Forecast for Medical Insurance Premium (Billion AED), 2009-2012
Figure 5-1: Investment Portfolio of Insurance Industry (%), 2007
List of Tables:
Table 3-1: Number of Insurance Companies (2007)
