Delhi, India (PressExposure) April 30, 2009 -- Despite a huge growth in the past, there remains a considerable potential for further development and growth in the general insurance industry. The rapidly growing private sector and the opening of real estate markets are expected to boost demand for property insurance, as per our new research report "UAE Insurance Market Forecast to 2012".
During the course of research, we found that there are a number of untapped opportunities that have enough potential to kick-start the general insurance industry in the country. Insurance activities such as business interruption, crime, trip cancellation, medical evacuation, multi-trip in the UAE are almost fully untapped. The implementation of such activities can be brought about by vertical integration and strategic alliances; thereby, increasing the growth potential of the sector.
Additionally, some niches in the market, such as legal liability (general liability as well as employersâ liability) insurance, are likely to do well even in the phase of gloomy economic environment. General liability insurance which is designed to protect business owners and operators from a wide range of liability exposures has immense potential for future growth. With this potential, non-life insurance premium is forecasted to grow at a CAGR of around 34% between 2009 and 2012.
"UAE Insurance Market Forecast to 2012" contains an extensive research and in-depth analysis of insurance market in the UAE, with focus on key products and services. The report gives an overview of insurance market structure and studies the market trends to help clients analyze the leading-edge opportunities in the UAE insurance Industry. Detailed data and analysis help investors, financial service providers and global insurance players to navigate through the evolving insurance sector in the country.
The report also gives forecast on various segments of the insurance industry, including life insurance, medical insurance, accident and liability, fire, and other non-life insurance segments.
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