Government policies for the promotion of the Insurance sector in UAE

Government policies for the promotion of the Insurance sector in UAE Bharatbook added a new report on "UAE Insurance Market Forecast to 2012" provides a rational analysis and reliable statistics of the insurance industry in UAE. By RNCOS UAE Insurance Market Forecast to 2012 Driven by factors such as low insurance penetration levels and favorable demographic profile, the UAE insurance industry has been witnessing noteworthy upsurge for the past few years. The huge untapped insurance market in the country has been providing tremendous opportunities for expansion to the existing as well as new players. ( http://www.bharatbook.com/detail.asp?id=94296&rt=UAE-InsuranceMarket-Forecast-to-2012.html ) According to our new research report “UAE Insurance Market Forecast to 2012”, the industry witnessed a CAGR of around 30.5% during 2006-2009, and we anticipate that the future prospects of the industry will also remain buoyant, owing to strong economic growth and government initiatives like separate licenses for life and non-life insurance products. Moreover, high demand for various insurance products, like life insurance, motor insurance, engineering insurance and home insurance, will also provide the impetus for the growth of the industry. In this regard, we have done extensive research and analysis of the UAE insurance industry and its various segments.

Our research also indicates that the non-life segment of the insurance industry will show significant growth in coming years. The baseline for optimistic future projection of the market is created by more underwriting funds to promote new non-life products in the market. Besides this, takaful insurance, private pension funds and bancassurance will also pave the way for the growth of the UAE insurance market over the forecast period (2010-2013).

Our report also emphasizes that the future growth trend, to some extent, will be impacted by the financial turmoil and credit squeeze. Nevertheless, the overall trend will remain positive over the forecast period. The government has been taking various initiatives for the promotion of the insurance sector. As the medical insurance has been made compulsory from 2010, it is expected that the premiums from the medical insurance segment will make a significant contribution to the non-life insurance sector.

“UAE Insurance Market Forecast to 2012” provides a rational analysis and reliable statistics of the insurance industry in UAE. The report thoroughly examines current market trends, industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Besides this, the report also provides brief overview of the key market players in the UAE insurance industry.

To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/detail.asp? id=94296&rt=UAE-Insurance-Market-Forecast-to-2012.html Related Reports :

Global Top 10 Insurance Companies - Industry, Financial and SWOT Analysis http://www.bharatbook.com/detail.asp?id=141507&rt=Global-Top-10-Insurance-Companies-IndustryFinancial-and-SWOT-Analysis.html Insurance: Global Industry Overview http://www.bharatbook.com/detail.asp?id=134328&rt=Insurance-Global-Industry-Overview.html Or Contact us at : Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: http://twitter.com/3bbharatbook UAE,insurance,finance,investment,market research reports,aggregator,demand forecast,market,research, report,market forecast,market share,market growth,market leaders,market report,market research Bharat Book Bureau facilitates companies to take the lead of their industry with best practice business strategies and intelligence, through a unique combination of published reports, databases, country reports, company profiles and customized research services. Bharat Book Bureau provides strategic information tools to the executives, business analysts, and knowledge managers that will help them to probe into and support critical, timely business decisions and strategies.