Saudi Health Insurance Premium to Cross SAR 8 Billion by 2012

Delhi, India (PressExposure) April 30, 2009 -- According to our latest report “Saudi Arabia Insurance Market to 2012”, the health insurance premium in Saudi Arabia is forecasted to grow at a CAGR of about 24% between 2009 and 2012. The ongoing slump in the economy will not have any significant impact on the sector as the implementation of the compulsory health insurance regulations issued by the Health Cooperative Insurance Council (HCIC) will keep on fuelling the growth of the kingdom’s health insurance premium.

The health insurance sector in the kingdom is expanding at a rapid pace with the significantly increasing role of private insurance companies to develop the scope for insurance cover. The kingdom's 7 Million expatriate workers, including domestic workers, are now obliged to show proof of health insurance cover to renew their residence or work permits.

Moreover, the government is also planning to make it compulsory for the 9 Million religious pilgrims who visit the country each year to take out health insurance, as it currently subsidizes healthcare for the hundreds of thousands who fall ill in Saudi Arabia each year. This leaves ample room for the market to expand and the new health insurance companies to build up their operations.

“Saudi Arabia Insurance Market to 2012” provides comprehensive research and in-depth analysis of the insurance market in Saudi Arabia, their key products, and services. The report helps clients to analyze the leading-edge opportunities critical to the success of the insurance Industry in the country. Detailed data and analysis enables investors, financial service providers and global insurance players navigate through the evolving insurance sector in Saudi Arabia.

The report supplements past and current information of the Saudi Arabia insurance market with forecast on various important industry segments like protection and savings, motor, property, energy and engineering, etc.

For FREE SAMPLE of this report visit: []


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Press Release Submitted On: April 30, 2009 at 2:37 am
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