Some of the rules and terms of health insurance in saudi arabia: Health Insurance Driving the Saudi Arabia Insurance Market
According to our research report "Saudi Arabia Insurance Market to 2012", the Saudi insurance market is ready for an Arab tremendous growth and will continue to grow in the near future. In addition, the government has taken several initiatives to make medical care and compulsory motor insurance in the country, which has become the major driving force for the insurance market. Another important factor is the rapid increase in population, leading to increased the incidence of diseases such as obesity, diabetes and hypertension. In addition, rising health care costs will further boost the Saudi market insurance Arabia in the future.
In our study, protection and savings and health insurance are the insurance segments the fastest growing in the country, with a share of about 50% of the overall insurance market in 2009. Due to the increased pressure on the public health system, the government is rapidly promoting the involvement of private health care in the country. Thus, the health insurance industry should grow at a rapid pace with a growing involvement of private actors. In addition, the government has even mandated to buy insurance coverage for foreign nationals and foreign pilgrims. In addition, the introduction of compulsory health insurance for employees in private firms will lead to further growth in the health insurance market in the country.
Moreover, the general insurance sector has shown significant growth and is expected to grow at a CAGR of over 24% during the period 2010-2012. Among the class of general insurance, property insurance and aviation are expected to emerge as the fastest growing segments, while the auto insurance segment is expected to grow at a CAGR of 30% during the period 2010-2012. In addition, the government has made compulsory insurance of vehicles in the country, which will further increase the premium for motor insurance in the country.
"Saudi Arabia Insurance Market to 2012" extensive research and rational analysis of the insurance sector in Saudi Arabia. The report examines in detail the current industry trends which are driving the growth of the Saudi industry to Insurance arabic. Above all, he has an idea for customers about the future prospects of the sector. The report also analyzes the pattern of macroeconomic variables and their impact on the insurance sector. In addition, the report presents future outlook industry, which will be decisive for clients.
In our study, protection and savings and health insurance are the insurance segments the fastest growing in the country, with a share of about 50% of the overall insurance market in 2009. Due to the increased pressure on the public health system, the government is rapidly promoting the involvement of private health care in the country. Thus, the health insurance industry should grow at a rapid pace with a growing involvement of private actors. In addition, the government has even mandated to buy insurance coverage for foreign nationals and foreign pilgrims. In addition, the introduction of compulsory health insurance for employees in private firms will lead to further growth in the health insurance market in the country.
Moreover, the general insurance sector has shown significant growth and is expected to grow at a CAGR of over 24% during the period 2010-2012. Among the class of general insurance, property insurance and aviation are expected to emerge as the fastest growing segments, while the auto insurance segment is expected to grow at a CAGR of 30% during the period 2010-2012. In addition, the government has made compulsory insurance of vehicles in the country, which will further increase the premium for motor insurance in the country.
"Saudi Arabia Insurance Market to 2012" extensive research and rational analysis of the insurance sector in Saudi Arabia. The report examines in detail the current industry trends which are driving the growth of the Saudi industry to Insurance arabic. Above all, he has an idea for customers about the future prospects of the sector. The report also analyzes the pattern of macroeconomic variables and their impact on the insurance sector. In addition, the report presents future outlook industry, which will be decisive for clients.
Category Article Auto Insurance, Health and Medical Insurance
