Recently released market study: Saudi Arabia Insurance Report Q4 2009

Dec. 18, 2009 - PRLog -- Relative to the Q309 report, the main changes have been a review of the company profiles - both local and multinational. We have also included a large quantity of new data. In virtually all cases the regulator or the trade association have published final premium figures for 2008, which was not necessarily the case in May, when we prepared the Q309 reports. In many instances, we have revised our projections of non-life penetration and life density. This is because it has become clear that the linear progressions that we had been expecting for most countries are not an accurate reflection of what has been happening in recent months. As a consequence, we have much greater confidence in our forecasts of premium income for 2009. Early 2009 was in many ways a challenging but far from disastrous period for the major protagonists in most insurance markets. Notwithstanding the fact that particular non-life markets suffered as a result of a slump in the number of cars registered, and correspondingly lower demand for compulsory third party motor (CTPM) insurance and voluntary motor insurance, global non-life premiums generally held up well in spite of the global economic downturn. In contrast, life premiums were, in most markets, lower in Q109 than they had been in Q108. This was largely the result of the past volatility in global equity markets, although there were also other problems. Conditions remain fair in the global reinsurance market. In terms of the major regions whose insurance markets are covered by BMI's reports, Latin America and the Middle East and North Africa (MENA) stood out in terms of growth in premiums (in non-life insurance in particular, but also in life insurance). Conditions were far more mixed in Central and Eastern (CEE) Europe (particularly in non-life insurance, where the downturn in car registrations hit hard) and Asia Pacific, where various factors caused slippage in life premiums in many markets.
         
Report Table of Contents:

Executive Summary
- The Sector At A Glance
Table: Overview Of Saudi Arabia’s Insurance Sector
- Key Insights On Saudi Arabia’s Insurance Sector
- SWOT Analysis
- Saudi Arabia Insurance Industry SWOT
- Saudi Arabia Political SWOT
- Saudi Arabia Economic SWOT
- Saudi Arabia Business Environment SWOT
- Global Overview
- Islamic Insurance Overview
- Projections And Forecasts
Table: Insurance Data And Projections, 2006-2013
- Projections And Drivers Of Growth
Table: Growth Drivers, 2006-2013
- Country Update
- Macroeconomic Outlook
- Saudi Arabia - Economic Activity
- Political Outlook
- Insurance Business Environment Rating
Table: Saudi Arabia - Insurance Business Environment Indicators
Table: Middle East And Africa - Insurance Business Environment Rankings
- Regional Context
Table: Non-Life Premiums In A Regional Context, 2008
Table: Life Premiums In A Regional Context, 2008
Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006 (%)
- Regional Context
Table: Non-Life Premiums In A Regional Context, 2008
Table: Life Premiums In A Regional Context, 2008
Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006 (%)
- Major Players In Saudi Arabia’s Insurance Sector
- Analysis Of Regional Competitive Conditions
- Regional Company Profiles
- AGF
- AIG
- Allianz
- Aviva
- AXA
- Generali
- HSBC Insurance
- MAPFRE
- RSA
- UNIQA
- Zurich Financial Services
- Country Snapshot: Saudi Arabia Demographic Data
- Section 1: Population
- Demographic Indicators, 2005-2030
- Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Education, 2003-2005
- Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Employment Indicators, 1999-2006
- Consumer Expenditure, 2000-2012 (US$)
- Methodology
- Insurance Business Environment Ratings
Table: Insurance Business Environment Indicators And Rationale
Table: Weighting Of Indicators


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