UAE Online Loan Aggregation Industry Holds Potential 7x Revenue Growth By 2024. Will UAE Online Loan Aggregation Industry Stand On This Projected Figure? Ken Research 1. With rich, diverse & unparalleled infrastructure, the UAE Loan Industry driven by high corporate loan demand. Trends and Developments in UAE Online Loan Aggregator Industry Lending majorly dominated by national banks with wide distribution network, occupying >90% of all banks credit disbursal. With major investment in hydrocarbon projects & other infrastructure projects, credit demand… Read More »
How Online Loan Aggregators contributing to Retail Loan Penetration in UAE? – Ken Research The banking industry in UAE is a highly fragmented space with a presence of ~60 national & international banks in the country. Post-2016 oil crisis, suffering from high NPAs banks in UAE tended to be more cautious when lending particularly to corporate & individuals thereby increasing rejection rates. Even now, banks generally avoid lending to ex-pats (sometimes… Read More »
UAE Online Loan Aggregator Market Outlook: Ken Research Socio-Economic Outlook Of UAE With a population of 9.68 Mn as of 2019, ~70% of the borrowing population belongs to the age group of 30-50 years. A major proportion of the population resides in urban areas including Dubai, Abu Dhabi & Sharjah thereby driving the demand for financial products in the country. High Job opportunities… Read More »
Future of UAE Online Loan Aggregator Market: Ken Research COVID 19 Crisis Creating Opportunity in Credit Market As Coronavirus hit the world in 2020, whilst some countries took a slow approach to comprehend & dealing with the situation, UAE was one of the very few countries taking pivotal steps to minimize both health & economic risks in the country. However, as the global oil… Read More »
How are Online Aggregators gaining momentum in UAE? – Ken Research Traditionally banks provided limited transparency on loan pricing & charges, making customers call up/visit bank branches just to attain basic loan pricing information. This gap was fulfilled with the introduction of the Loan Comparison website by YallaCompare in UAE. Loan Comparison websites facilitate comparison of credit options for multiple products including car loans, credit cards,… Read More »
UAE Online Loan Aggregators Industry Outlook to 2024: Ken Research The publication titled ‘UAE Online Loan Aggregators Industry Outlook to 2024 – Driven by Shifting to Contactless Services & Easy Online Loan Facilitation’ undertakes an analysis of the UAE’s socio-demographic, economic & banking outlook; overall lending & retail lending scenario; gaps in traditional models filled by aggregator model; unique operating models in the sector, organizational structure of major… 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 »
