Evolution in Technology Has Boosted the Growth in Personal Accident and Health Insurance Sector in Saudi Arabia: Ken Research REQUEST FOR SAMPLE REPORT Buy Now 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 Accidents are unforeseen and severely impact human life and well-being. Personal accident insurance policy provides cover against accidental death, permanent or partial disability caused due to an accident. Now-a-days, quality medical treatment is quite expensive and it is compulsory to have a health and a personal accident cover for every individual. The personal accident insurance can offer a financial guard against medical expenses caused by any illnesses, injuries and other medical conditions. Comparatively, a health insurance policy provides a comprehensive cover for all sorts of injuries and illnesses. Saudi Arabia is gradually reviving from the global economic crisis with strong domestic funding and high investments that are fuelled the economic growth of the company. Strict regulations are passed by Saudi Arabian Monetary Authority (SAMA) to facilitate the country’s development. Evolution of industries in the Middle East over the recent years has encouraged businesses to adopt advanced technologies and IT integration solutions to enhance their operations and revenue. Information technology is a key enabler of all business functions in Saudi Arabia. This trend was also observed in Saudi’s healthcare sector where manual records were transformed into electronic health records. Therefore, health and medical insurance for every individual is mandatory due to the implementation of electronic health records. This trend has encouraged the medical and health insurance market growth. According to the study “Personal Accident and Health Insurance in Saudi Arabia, Key Trends and Opportunities to 2020”, it was observed that health insurance and personal accident insurance policies are the fastest growing segments in the Saudi Arabian insurance sector. Health insurance has become compulsory for all emigrants and also witnessed a drastic increase in the number of insured people. With more technology evolved in industries there is less chances of any accidents but possessing a personal accident insurance policy may come handy at the time of accidents. Individuals working in Saudi Arabia are provided with health insurance by their employers. Saudi has a regulation of Council of Cooperative Health Insurance (CCHI) that issues health and medical insurance for both private and government sectors. The leading players in Saudi Arabia’s personal accident and health insurance market are Tawuniya, Bupa Arabia, Medgulf Insurance, Malath Cooperative Insurance and Reinsurance Co., UCA, AXA-Cooperative, AlRajhi Takaful, SABB Takaful, Saudi Arabian Cooperative Insurance Company (SAICO), and Allianz Saudi Fransi. All these leading players work for both corporate and individual customers with flexible and comprehensive plans for personal accident and health insurance. Saudi Arabia has both public health services and private health system which cater the needs of the country’s population. Growth in Saudi’s personal accident and health insurance sector is affected due to high economic development, population growth, rising healthcare expenditure, increased consumer annual disposable income, favourable regulatory environment and consumer awareness in insurance policies. The personal accident and health insurance market has experienced a consistent positive growth over the past five years in Saudi Arabia. Saudi Arabia’s personal accident and health insurance market accounts for more than 60 percentile of the insurance market. Therefore, it was observed that Saudi Arabian personal accident and health insurance market will witness a steady and continuing growth over the coming years. Key Topics Covered in the Report: Personal Accident and Health Insurance in the Saudi Arabia Personal Accident and Health Insurance Outlook in Saudi Arabia Saudi Arabia Personal Accident and Health Insurance Analysis Personal Accident and Health Insurance Distribution Channel in Saudi Arabia Saudi Arabia Personal Accident and Health Insurance Top Insurers Market Report Saudi Arabia Health Insurance Industry Gross Written Premium Saudi Arabia Health Insurance Industry Analysis Saudi Arabia Personal Accident Insurance Gross Written Premium Saudi Arabia Health Insurance Industry Government Regulations Challenges in Saudi Arabia Health Insurance Industry To know more click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-saudi-arabia/82686-93.html Related Reports Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2020 Personal Accident and Health Insurance in Ecuador, Key Trends and Opportunities to 2021 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Challenges in Saudi Arabia Health Insurance Industry, Personal Accident and Health Insurance Distribution Channel in Saudi Arabia, Personal Accident and Health Insurance in the Saudi Arabia, Personal Accident and Health Insurance Outlook in Saudi Arabia, Saudi Arabia Health Insurance Industry Analysis, Saudi Arabia Health Insurance Industry Government Regulations, Saudi Arabia Health Insurance Industry Gross Written Premium, Saudi Arabia Personal Accident and Health Insurance Analysis, Saudi Arabia Personal Accident and Health Insurance Top Insurers Market Report, Saudi Arabia Personal Accident Insurance Gross Written Premium