PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Motor Insurance Drives Saudi Arabia Non Life Insurance Market Finds RNCOS - Motor insurance premium in Saudi Arabia is anticipated to reach SAR 6.5 Billion by the end of 2012, says our new research report
Motor Insurance Drives Saudi Arabia Non Life Insurance Market Finds RNCOS

 

NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 2010/07/28 - Motor insurance premium in Saudi Arabia is anticipated to reach SAR 6.5 Billion by the end of 2012, says our new research report.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Saudi Arabia has emerged as the fastest growing country in the Middle East in terms of insurance premium. In spite of the global economic crisis, Saudi Arabia recorded stupendous growth in the insurance premium during 2009. The main factor for the growth was the compulsory insurance segments such as health insurance and motor insurance. According to our research report “Saudi Arabia Insurance Market to 2012”, the Saudi Arabia insurance market is expected to grow at a CAGR of more than 32% between 2010 and 2012.

Our extensive study of the insurance market reveals that the motor insurance segment is the largest among the non life segments and is expected to drive growth in the non life insurance market. The main factor responsible for the prospective growth in the motor insurance is the promotional strategies of the government. The auto sales will rise at a fast rate of 50% between 2008 and 2013. This will create demand for the motor insurance on account of mandatory vehicle insurance. Hence, the motor insurance market is expected to grow at a CAGR of around 29% between 2010 and 2012.

We have also found that the fastest growing segment in the forecast period will be the protection and savings insurance, which will grow at a CAGR of around 60% (2010-2012). The main reason for such a tremendous growth rate is the recent regulatory development which mandate insurers to comply with cooperative insurance. This law has built the confidence of people to buy insurance.

“Saudi Arabia Insurance Market to 2012” contains comprehensive information, statistical data and rational analysis of the insurance industry in Saudi Arabia. The report gives forecast for all the segment of insurance market viz. health insurance, protection and savings insurance and all the sub segments of non life insurance segment. Besides, our report provides deep insight into the regulatory environment and trends prevailing.

Report/IM024

About RNCOS
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with 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.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Insurance/Risk Management articles,
CATCH Visitors via Your Competitors Announcements!


Motor Insurance Drives Saudi Arabia Non Life Insurance Market Finds RNCOS

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shushmul Maheshwari - RNCOS.com 
+91 12 04224700 press[.]rncos.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Insurance/Risk Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RNCOS E-Services (P) Ltd / Company Profile


Read Insurance/Risk Management Most Recent Related Newswires:

SCOR Named 'Life Reinsurer of the Year 2016' by Asia Insurance Review
SCOR is Named 'North American Life Reinsurer of the Year 2016' by Reactions Magazine
Wunelli Evolves Driver Signature to Take Telematics Apps to Next Stage of Growth
LexisNexis Risk Solutions to Provide Mobile Telematics for Nationwide’s SmartRide Program
LexisNexis Risk Solutions Elevates Insurance Customer Experience with New Active Risk Management Solution
LexisNexis Risk Solutions Launches First Contextual Telematics Insurance Model in U.S.
Resolver’s Perspective™ Incident Management Software Now Fully Integrated with Software House C•CURE 9000 Security and Event Management Solution
PPM 2000 Joins Forces with Resolver
LexisNexis Launches LexisNexis Intelligence Exchange in India for Life Insurers
LexisNexis Risk Solutions Announces New Relationship with Ellie Mae
LexisNexis Claims Datafill Accelerator Receives Ready for Guidewire Designation
Norfolk Police Department Adopts LexisNexis Citizen Crime Reporting Solution
Relevant Healthcare Becomes Preferred Vendor for NASHCO
A.M. Best Provides Further Recognition of SCOR’s Financial Strength SCOR Group
Handshake Software Integrates LexisNexis Digital Library with Microsoft SharePoint Portal & Search

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)