Medical Insurance to Propel UAE Insurance Sector

With significant government initiatives and product innovations, the UAE medical insurance market will grow at a CAGR of 15 % during 2011 - 2014, RNCOS identified.

Noida, India (prHWY.com) May 11, 2011 - According to our latest report "UAE Insurance Market Forecast to 2012", medical insurance has been witnessing tremendous growth in the UAE insurance market. Recently, the government has taken few major steps to make medical insurance compulsory in various regions. This has further increased the growth momentum of medical insurance. Moreover, strong economic conditions, educated young population, and efforts of the companies to introduce new products will surely yield fruitful results in future. It is expected that, the medical insurance premium in the UAE will reach around AED 10.3 Billion by 2014.

The medical insurance sector is mainly governed by the middle class population and the rising cost of the healthcare will further encourage people to take medical insurance. Due to the compulsory medical insurance, insurance companies in the UAE has introduced many products according to the market demand to cater more customers' base.

Further, the ongoing study provides comprehensive research and rational analysis along with the important issues of the UAE market. It also provides the reliable statistics of the UAE insurance market. The report offers core insurance statistics along with the information on life insurance and various segment of non life insurance, such as fire insurance, accident & liability insurance, medical insurance etc. Moreover, emerging market trends and drivers, such as oil & gas insurance, consolidation of industry diverse products etc. are thoroughly studied in the report.

Besides, the report has provided information on key players along with their strengths & Weaknesses in the UAE insurance market to provide better insight of the market. It also provides information on various government regulations and government initiatives that have been taken to boost the UAE insurance market.

"UAE Insurance Market Forecast to 2012" also features future outlook on insurance market considering both pros and corns of reasonable factors, which play an important role in deciding the direction of the UAE insurance market. The report has provided unbiased conclusions, which will prove decisive for the clients.

For FREE SAMPLE of this report visit: http://rncos.com/Report/IM023.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: uae insurance sector

Categories: Insurance

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