|
Saudi Arabia Insurance Premium to Nearly Quadruple by 2013
By Shushmul Maheshwari
RNCOS E-Services Pvt. Ltd.
Email: press@rncos.com
http://www.rncos.com/
Thursday - December 10, 2009
Category: Investment, Middle East Market
As per our recently released research report "Saudi Arabia Insurance Market to 2012", with some regulatory developments in compulsory motor insurance and co-operative insurance, the Saudi Arabian insurance industry is poised for tremendous growth in the years to come. It is expected to grow at a CAGR of 25-30% during our forecast period (2009-2013). As the market is largely untapped and has huge growth potential, it has mostly been immune to the global financial crisis, which has significantly affected other sectors in the country.
Most of the insurers are seen optimistic and confident about their future plans for the expansion in the country. They are re-evaluating and customizing their products on a regular basis to meet diverse requirements of clients. Our research finds that there is a strong need for insurers to widen their product portfolio, explore innovative and specialized insurance products to address the changing requirements of customers belonging to various niche categories.
The report is an outcome of extensive research and detailed study of the insurance sector in Saudi Arabia. Taking into consideration the recent industry developments and changes in macroeconomic variables amidst the global financial crisis, the report features forecasts for all the important industry aspects like health insurance, protection and savings insurance, motor, property/fire insurance, marine insurance, engineering and aviation insurance.
"Saudi Arabia Insurance Market to 2012" also identifies the key players in the Saudi insurance market, their market share and business strategies, which can prove beneficial to new entrants. In addition, the report talks about regulatory environment, recent regulator y developments and requirement for foreign ownership in the domestic insurance market. The report also reveals the emerging opportunity areas and growth constraints which need to be addressed. Therefore, the report is a complete guide to investors (new entrants as well as existing players wishing to expand) in the Saudi Arabian insurance market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM024.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
Green News Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed
Publish Your Green News Today!
Visit Our Green Stock Directories: Become a member and access our green stock directories by login in addition to investor newsletters and more...
InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content. Read Investor Ideas disclaimer for more info. Our site does not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities.
|
