Motor and Health Segments to Fuel the Growth of the Middle East Insurance Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The high demand for vehicles especially luxury cars among the population, and introduction of compulsory health insurance in many countries in the Middle East is expected to make motor and health insurance the tow largest and fastest growing insurance segments. The car sales among the population in Middle East countries has witnessed consistent surge over the years. This is primarily because of the high replacement demand from the consumers in the region with significantly high disposable incomes. The large affluent expatriate population in the region is another important consumer base which is catered by the car companies. This combined with compulsory motor vehicle insurance in almost all the countries in Middle East has resulted in high growth of the motor insurance premiums making it one of the largest insurance segments in the Middle East insurance market. For instance, motor insurance is already the largest non-life segment in the insurance markets of many countries such as Israel, Iran, Saudi Arabia, Jordan and Bahrain. Additionally, health insurance is also rapidly gaining significant share in the insurance market of the region. While many countries such as Israel, Iran and UAE (Abu Dhabi) have already extended the coverage of compulsory health insurance to the population, many countries such as Saudi Arabia have initiated by implementing mandatory health coverage for expatriate population. Health insurance is the second largest non-life insurance segment in countries such as Israel, Iran, UAE and Jordan, and is the largest non-life insurance segment in Saudi Arabia. This indicates high growth opportunities for the insurance companies looking to enter Middle East insurance market which is expected to expand strongly at a CAGR of 17.0% during 2012-2017. “With the growing population, the incidences of lifestyle diseases as well as car sales are expected to surge in the region which would lead to increased penetration of compulsory medical and motor vehicle insurance in these countries.” – According to the research report ‘Middle East Insurance Market Outlook to 2017 – Motor and Health Segment to Channel the Growth’ by Ken Research. The trend of compulsory motor and health insurance is expected to grow to more number of countries in coming years as the governments are trying to reduce the public healthcare expenditure by bringing more population under coverage. The report provides detailed overview on the insurance market in the Middle East region and helps reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, insurance companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future. Read more- http://www.kenresearch.com/banking-financial-service-insurance/insurance/middle-east-insurance-market-research-report/424-93.html Tags: accident and liability, aviation, cargo, fire, gross premiums written, insurance, life, marine, market size, medical, Middle East, motor, New Life business and Business in, non-life, property, segmentation, trends and developments and future projections