Delhi, India (PRWEB) November 27, 2013
Ken Research : The report titled ‘Middle East Insurance Market Outlook to 2017 – Motor and Health Segment to Channel the Growth’ provides a comprehensive analysis of the various aspects such as market size, segmentation, trends and developments and future projections of the life and various non-life insurance such as motor, health, accident and liability, fire, property, marine, cargo and others as key segments of the insurance markets of various countries which include Israel, Iran, UAE, Saudi Arabia, Bahrain and Jordan. The report provides the market shares in major segments and company profiles of major players in the market. It also covers brief snapshots of the insurance markets of Turkey, Egypt, Lebanon and Oman
The insurance market of Iran is comprised of 25 insurance companies with 850 branches, 25,304 insurance agents, 384 official brokers, 3,956 life insurance agents and 106 loss adjusters which were active in the country. The insurance premiums underwritten in the country has increased robustly during the last five years from USD 3,382.4 million in 2007 registering a CAGR of 26.6% during 2007-2012. Iran Insurance (Bimeh Iran) is the largest player in insurance market of Iran.
The UAE life insurance segment represented 19.7% of the gross written premiums in the insurance market of the country in 2012. On the other hand around 80.3% of the gross premiums were written in the non-life insurance market of UAE in the same year. The life insurance market of UAE is classified into New Life business and Business in-force for the insurance companies on the basis of the gross written premiums. While the business in-force accounted for 69.1% of the gross premiums written in the life insurance market of the country in 2012, the new life business represented 30.9% of the written premiums by the life insurance companies in the same year.
Key Topics Covered in the Report
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