UAE Online Insurance Market is predicted to augment owing to challenging status quo of traditional offline brokers: Ken Research Digital services propose choice, convenience and comparison. The financial services industry, comprising insurance, is also making efforts to tap this space. Life insurance, traditionally sold by agents, is prevail for the online purchase, often at the lower prices. In the single sentence, buying insurance online is convenient, speedy and primarily cost you lesser. The insurers… Read More »
UAE Online Insurance Market 2021 Industry Outlook, Present Scenario of Manufacturers, Share, Size, Trends, Opportunities, Key Players and Forecast to 2027: Ken Research The UAE has a broad-variety, government-funded and speedily emerging private healthcare segment conveying great standard of health care to the populace. The health insurance policies are an interior portion of the healthcare infrastructure as they cover the price linked with the medical and surgical expenses of the policyholders. With the highest population, the UAE is… Read More »
How Insurance brokers could capitalize on the opportunities led by Premium Comparable Websites in UAE: Ken Research Contributing 42% to total GWP collection in 2018, as per the data released by the Insurance Authority of UAE, traditional brokers led the distribution of insurance products among the UAE population. These brokers have been characterized as employing a team of telesales representatives opting for aggressive selling for different products including Health, Motor, and Life… Read More »
UAE Insurance Aggregators Industry Analysis: Ken Research Socio-Economic Outlook Of UAE 88% ex-pat population majorly from Asian countries, a high number of young populations, increasing household income is changing the buying behavior of customers from traditional to online led models. More than 2/3rd of the population belongs to 25-54 age; the total population growing at 1.5% Y-o-Y depicts customer adaptability towards Fintech and… Read More »
What lies ahead for Aggregators in UAE: Ken Research Aggregators (Price Comparison Websites) have been lately introduced in UAE and within a short span of time, these platforms have gained much traction and are experiencing >200% Y-o-Y growth in their top line figures. However, unlike European and other developed countries, the penetration of aggregators is still very low. (~60% of motor insurance sales happen… Read More »
UAE Online Insurance Industry Outlook to 2024: Ken Research The publication titled ‘UAE Online Insurance Industry Outlook to 2024 – Driven by Customer Uptake, Ease for New and Renewal Policy Convenience with Insurance Aggregators’ undertakes a comprehensive analysis of the insurance industry in UAE, product-wise buying patterns of insurance among the population, traditional distribution channels including brokers, banks, agents, direct channels, etc and further explore… Read More »
