Non-Life Insurance in the UAE, Key Trends and Opportunities to 2019

Non-Life Insurance in the UAE, Key Trends and Opportunities to 2019

  • February 2016 •
  • 122 pages •
  • Report ID: 3085575 •
  • Format: PDF
Synopsis
Timetric’s 'Non-Life Insurance in the UAE, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the UAE non-life insurance segment, and a comparison of the UAE insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the UAE economy and demographics, explains the various types of natural hazard and their impact on the UAE insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Non-Life Insurance in the UAE, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the UAE non-life insurance segment, including:

- The UAE non-life insurance segment’s detailed outlook by product category

- A comprehensive overview of the UAE economy and demographics

- A comparison of the UAE insurance industry with its regional counterparts

- Detailed analysis of natural hazards and their impact on the UAE insurance industry

- Details of the competitive landscape in the non-life insurance segment in the UAE

- Details of regulatory policy applicable to the UAE insurance industry

Scope
This report provides a comprehensive analysis of the non-life insurance segment in the UAE:

- It provides historical values for the UAE non-life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the UAE non-life insurance segment, and market forecasts to 2019.

- It profiles the top non-life insurance companies in the UAE, and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the UAE non-life insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the UAE non-life insurance segment.

- Assess the competitive dynamics in the non-life insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the UAE insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The UAE non-life segment registered growth of 1.1% during the review period.

- Property insurance was the largest category in terms of gross written premium, and accounted for 43.1% of the segment’s gross written premiums in 2014.

- The motor gross written premium recorded a review-period CAGR of 4.0%.

- Due to a lack of awareness and enforcement laws and a limited number of compulsory liability classes, growth in the category is expected to be low.

- The slowdown in oil exports and a decline in international oil prices affected the marine insurance sub-category.
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