Insurance in United Arab Emirates

Published: November 2012 · Publisher: MarketLine
Insurance in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016).
Report Type Industry Profiles
Language English
Format Electronic (PDF)
Pages27
Frequency Updated Annually
Availability Will be emailed within 1 business day
Reference No. 0109-2115
Price € 259,00
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Introduction

Insurance in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the United Arab Emirates insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.

*The UAE insurance market had total gross written premiums of $6.6 billion in 2011, representing a compound annual growth rate (CAGR) of 16.1% between 2007 and 2011.

*The non-life insurance segment was the market's most lucrative in 211, with total gross written premiums of $5.4 billion, equivalent to 81.5% of the market's overall value.

*The performance of the market is forecast to decelerate, with an anticipated CAGR of 8.3% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $9.9 billion by the end of 2016.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in United Arab Emirates

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in United Arab Emirates

Leading company profiles reveal details of key insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the United Arab Emirates insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the United Arab Emirates economy

Key Questions Answered

What was the size of the United Arab Emirates insurance market by value in 2011?

What will be the size of the United Arab Emirates insurance market in 2016?

What factors are affecting the strength of competition in the United Arab Emirates insurance market?

How has the market performed over the last five years?

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TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Market rivalry 2
Market Overview 6
Market definition 6
Market analysis 6
Market Data 7
Market value 7
Market Segmentation 8
Category segmentation 8
Market Outlook 9
Market value forecast 9
Five Forces Analysis 10
Summary 10
Buyer power 11
Supplier power 12
New entrants 13
Threat of substitutes 14
Degree of rivalry 15
Leading Companies 16
Abu Dhabi National Insurance Company 16
Emirates Insurance Co (PSC). 19
National General Insurance Co. PSC 22
Macroeconomic Indicators 23
Country Data 23
Appendix 25
Methodology 25
Industry associations 26
Related research 26

LIST OF TABLES
Table 1: United Arab Emirates insurance market value: $ billion, 2007–11 7
Table 2: United Arab Emirates insurance market category segmentation: $ billion, 2011 8
Table 3: United Arab Emirates insurance market value forecast: $ billion, 2011–16 9
Table 4: Abu Dhabi National Insurance Company: key facts 16
Table 5: Abu Dhabi National Insurance Company: key financials ($) 16
Table 6: Abu Dhabi National Insurance Company: key financials (AED) 17
Table 7: Abu Dhabi National Insurance Company: key financial ratios 17
Table 8: Emirates Insurance Co (PSC).: key facts 19
Table 9: Emirates Insurance Co (PSC).: key financials ($) 19
Table 10: Emirates Insurance Co (PSC).: key financials (AED) 20
Table 11: Emirates Insurance Co (PSC).: key financial ratios 20
Table 12: National General Insurance Co. PSC: key facts 22
Table 13: United Arab Emirates size of population (million), 2007–11 23
Table 14: United Arab Emirates gdp (constant 2000 prices, $ billion), 2007–11 23
Table 15: United Arab Emirates gdp (current prices, $ billion), 2007–11 23
Table 16: United Arab Emirates inflation, 2007–11 24
Table 17: United Arab Emirates consumer price index (absolute), 2007–11 24
Table 18: United Arab Emirates exchange rate, 2007–11 24

LIST OF FIGURES
Figure 1: United Arab Emirates insurance market value: $ billion, 2007–11 7
Figure 2: United Arab Emirates insurance market category segmentation: % share, by value, 2011 8
Figure 3: United Arab Emirates insurance market value forecast: $ billion, 2011–16 9
Figure 4: Forces driving competition in the insurance market in United Arab Emirates, 2011 10
Figure 5: Drivers of buyer power in the insurance market in United Arab Emirates, 2011 11
Figure 6: Drivers of supplier power in the insurance market in United Arab Emirates, 2011 12
Figure 7: Factors influencing the likelihood of new entrants in the insurance market in United Arab Emirates, 2011 13
Figure 8: Factors influencing the threat of substitutes in the insurance market in United Arab Emirates, 2011 14
Figure 9: Drivers of degree of rivalry in the insurance market in United Arab Emirates, 2011 15
Figure 10: Abu Dhabi National Insurance Company: revenues & profitability 17
Figure 11: Abu Dhabi National Insurance Company: assets & liabilities 18
Figure 12: Emirates Insurance Co (PSC).: revenues & profitability 20
Figure 13: Emirates Insurance Co (PSC).: assets & liabilities 21
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