Personal Accident and Health Insurance in the UAE, Key Trends and Opportunities to 2018


#292151

192pages

Timetric

$ 1950

In Stock

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the UAE, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the UAE personal accident and health insurance segment, including:
  • the UAE personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • The various distribution channels in the UAE personal accident and health insurance segment
  • Detailed regulatory policies of the UAE insurance industry
  • Key developments in the UAE personal accident and health insurance segment

Executive summary

Timetric’s 'Personal Accident and Health Insurance in the UAE, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the UAE personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment. 
The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in the UAE:
  • It provides historical values for the UAE personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the UAE personal accident and health insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in the UAE.
  • It outlines the key regulations affecting the personal accident and health insurance companies in the UAE.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the UAE personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the UAE personal accident and health insurance segment.
  • Identify the 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

  • In 2013, 529,280 personal accident and health insurance policies were sold to a population of 5.5 million, indicating a high level of awareness amongst UAE residents for personal accident and health products. 
  • The growth of the personal accident and health insurance segment can be attributed to socio-economic factors such as stable economic growth, rising healthcare expenditure and the aging population. 
  • In February 2015, the Insurance Authority of the UAE implemented solvency requirements similar to the European model for both traditional and takaful insurers operating in the country. 
  • In January 2014, the UAE government implemented mandatory health insurance, known as the Insurance System for Advancing Healthcare in Dubai (ISAHD).
  • The travel and tourism industry’s contribution towards the UAE’s GDP recorded at 8.4% in 2014. 
  • In December 2013, new regulations for brokers were announced which stipulated a minimum paid-up capital of AED3.0 million (US$816,882) for every domestic broker.