Personal Accident and Health Insurance in Saudi Arabia, Key Trends and Opportunities to 2018


#353229

105pages

Timetric

$ 1950

In Stock

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the Saudi Arabia, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Saudi Arabian personal accident and health insurance segment, including:

  • The Saudi Arabian 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 Saudi Arabian personal accident and health insurance segment
  • New product launches and product portfolios of leading personal accident and health insurers
  • Details of the competitive landscape in the personal accident and health insurance segment in Saudi Arabia
  • Details of regulatory policy applicable to the Saudi Arabian insurance industry

Executive summary

Timetric’s 'Personal Accident and Health Insurance in the Saudi Arabia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Saudi Arabian 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, explains new product launches and the product portfolios of leading personal accident and health insurers, 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 regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Saudi Arabia:

  • It provides historical values for the Saudi Arabian 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 Saudi Arabian personal accident and health insurance segment, along with market forecasts until 2018.
  • It analyses the various distribution channels for personal accident and health insurance products in Saudi Arabia.
  • It profiles the top personal accident and health insurance companies in Saudi Arabia, 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 Saudi Arabian personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Saudi Arabian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Saudi Arabian insurance industry, and their impact on companies and the industry's future.

Key highlights

  • The personal accident and health insurance segment dominated Saudi Arabia’s insurance industry in 2014, with 51.1% of the gross written premium, having registered a review-period CAGR of 15.3%.
  • The Saudi pharmaceuticals industry is the largest in the Middle East, accounting for 65% of the Gulf Cooperation Council (GCC) region’s contribution.
  • Direct marketing was the leading distribution channel in terms of gross written premium in 2013, accounting for 69.9% of the segment’s share.
  • In addition to underwriting profits, Saudi Arabian personal accident and health insurance insurers are focusing on generating returns on investments, aided by sustainable economic growth.
  • Sustainable economic growth and rising income levels are expected to drive demand for the personal accident and health insurance segment, which is expected to grow at a forecast-period CAGR of 6.6%.