Noida, UP India (PressExposure) February 12, 2011 -- According to our research report "Saudi Arabia Insurance Market to 2012", export credit insurance has emerged as a new concept in the fastest growing Saudi Arabian insurance industry. The rising popularity of export credit insurance in Saudi Arabia is based on the fact that international trade in the country is increasing. Export credit insurance acts as a tool to promote and facilitate export from and within member its countries to cover the nonpayment of export receivables.
As per our study, protection & savings and health insurance are also growing in the Saudi Arabian insurance industry with a share of around 50% of the overall insurance market in 2009. Additionally, the government is supporting the private players for the promotion of healthcare insurance in the country. Hence, it is expected that the health insurance sector will grow at a fast pace during the coming years. Even the government has also made compulsory for the foreign nationals and foreign pilgrims to buy insurance covers. Moreover, with the introduction of compulsory health insurance for employees in private companies will lead to the further growth in the health insurance market in the country.
Our report also thoroughly discusses the regulatory environment to present an insight of how it will help Takaful insurance and the overall insurance industry to grow in Saudi Arabia. The report also provides detail information of different industry aspects, such as Retention Ratios, Penetration Rates, and others. Different segments covered in the report are - Health Insurance, Protection & Savings, and General Insurance. General insurance is further segmented into Motor, Property, Marine, Fire, Engineering, etc.
Our report "Saudi Arabia Insurance Market to 2012", shows a highly concentrated structure of the market, with the top players dominating the market. It provides segment level analysis of the industry along with emerging trends that may shape up with the betterment of economic conditions. The report contains comprehensive information of the key competitors and their areas of expertise. The research will help consultants, industry analysts, and vendors to get an in-depth knowledge of the current, past, and future performance of the industry.
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