The Latest Saudi Arabia Insurance Report for Q3 2008 - With 17 Company Profiles, a Regional Overview & an Analysis of Competitive Conditions
Friday, October 10, 2008 11:55 PM
Symbols: AIG
(Source: BUSINESS WIRE)trackingResearch and Markets

Laura Wood, Senior Manager

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

press@researchandmarkets.com

Logo: http://www.researchandmarkets.com

Research and Markets (http://www.researchandmarkets.com/research/ 5b1a93/saudi_arabia_insur) has announced the addition of the "Saudi Arabia Insurance Report Q3 2008" report to their offering.

This Saudi Arabia Insurance Report provides independent forecasts and competitive intelligence on Saudi Arabia's insurance industry.

In Q308, the key change is that we have incorporated much more information about the companies that are operating across the regions of which each country is a part. We have sought to make it much clearer who is operating in each country and under what name(s). Perhaps equally importantly, our profiles make it plain which multinational companies are not operating in each country.

In the Middle East and North Africa, we profile 17 companies. These are AGF, AIG, Allianz, Aviva, AXA, Cardif, ERGO, Eureko, Fortis, Generali, Groupama, HSBC Insurance, Liberty Mutual, MAPFRE, RSA, UNIQA and Zurich Financial Services.

We also look at a number of the smaller local firms that are active in the region, particularly in Kuwait, Oman, Saudi Arabia and the UAE. For almost all the countries whose reports we are updating, we are also able to include actual data for calendar-year 2007: this was not the case for our Q208 reports. In 2007, total premiums in Saudi Arabia rose by 24% to SAR8,583mn. Non-life premiums rose by 23% to SAR8,256mn, while life premiums rose by 15% to SAR327mn.

Between now and the end of the forecast period, we expect annual non-life premiums will grow SAR12,518mn, while annual life premiums should increase SAR724mn. Growth in non-life premiums should be driven by the general growth in nominal GDP plus a rise in non-life penetration from the current level of 0.61% to 1.40%. Growth in life premiums should be driven by the change in the overall population and a rise in life density from US$3.64 to US$10.00 per capita. Saudi Arabia's Insurance Business Environment Rating is 51.6 Key Topics Covered: - The Sector At A Glance - Key Insights On Saudi Arabia's Insurance Sector - Saudi Arabia Insurance Industry SWOT - Development Of BMI's Insurance Reports - Projections And Forecasts - Projections And Drivers Of Growth - Country Update - Macroeconomic Outlook - Political Outlook - Insurance Business Environment Rating - Analysis Of Competitive Conditions - Regional Overview - Company Profiles - Methodology Companies Mentioned: - AGF - AIG - Allianz - Aviva - AXA - Cardif - Ergo - Eureko - Fortis - Generali - Groupama - HSBC Insurance - Liberty Mutual - MAPFRE - RSA - UNIQA - Zurich

For more information visit http://www.researchandmarkets.com/ research/5b1a93/saudi_arabia_insur

(c) 2008 BUSINESS WIRE. Provided by ProQuest LLC. All rights Reserved.


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