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Executive Summary

The Report titled “Middle East Insurance Market Outlook to 2015 - Next Destination for Foreign Investment” provides an in-depth analysis of the Middle East insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration and segmentation, drivers and restraints, recent trends and developments and future outlook of the insurance industry in the Middle East and in the three countries including the Israel, UAE and Saudi Arabia. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire Middle East insurance industry.

Insurance Industry in Middle East

Middle East life insurance premium per capita was USD ~ in 2001 with the population of ~ million in the region. The density level has grown at an 8 year CAGR of ~% to reach USD ~ in 2009. It is expected that life insurance density will reach USD ~ in 2015, showcasing an expected 6 year CAGR of ~%

Insurance industry in Middle East has been growing at a phenomenal growth rate over the past decade, even through the economic recession. It is expected that the gross insurance premium of the region will reach USD ~ million in 2015, registering a 6 year CAGR of ~% from USD ~ million in 2009. This growth will be driven by the motor and health insurance in several countries in the region.

Israel

Non-life insurance market in Israel has grown at 8 year CAGR of ~% over the period of 2001 to 2009. The market has increased from USD ~ million in 2001 to USD ~ million in 2009. The market has been on the positive growth trajectory until 2009 when market has declined ~%. It is anticipated that non-life insurance market will increase to USD ~ million in 2015, registering an expected 6 year CAGR of ~% from 2010 to 2015.

UAE

Gross insurance premium written in UAE was seen at USD ~ million in 2009. The market has shown great resilience over time. It is expected that market will grow at a double digit growth of ~% from 2010 to 2015 to reach USD ~ million in 2015 from USD ~ million in 2010.

Saudi Arabia

Non-life insurance market is dominated by Health insurance segment with the market share of ~% and size of USD ~ million in 2009. Motor insurance is the second largest segment which contributed ~% (USD ~ million) to the non-life insurance premium of USD ~ million in 2009. Protection & Savings is the third largest non-life insurance market with the share of ~% and gross insurance premium of USD ~ million. Property insurance is the fourth largest segment which is sharing the position with Engineering insurance with the market share of ~% and gross insurance premium of USD ~ million. Other segments of Marine & Aviation and others contributed the rest of the market share of ~% and gross insurance premium of USD ~ million in 2009.

Scope of Research

The report entails thorough analysis, drivers, restraints and market opportunities for insurance industry in the Middle East. The scope of the report includes:

The market size of life and non-life insurance industry in terms of gross insurance premium written for Middle East and 3 countries (Israel, UAE, Saudi Arabia) 2001 to 2015
Life and Non-life insurance density in USD for Middle East and for all 3 countries, 2001 to 2015
Life and Non-life insurance penetration, premium as a percentage of GDP for Middle East and for all 3 countries, 2001 to 2015
Market segmentation on the basis of Geography and on the basis of Product for Middle East and major 3 countries, 2009 and 2015
Competitive Landscape of the major life and non-life insurers (Tawuniya, Medgulf, Oman Insurance, Abu Dhabi National, Midgal, Clal) in various countries on the basis of gross premium written
In-depth analysis of trends and developments, drivers, restraints and future outlook of the insurance industry in Middle East and the major 3 countries
Market opportunities and Future Outlook of the insurance industry in Middle East and major 3 countries.

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