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Poland Insurance Market Forecast (2008-2012)

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Poland Insurance Market Forecast (2008-2012) Poland Insurance Market Forecast (2008-2012) The Polish insurance market has performed reasonably well over the past couple of years except 2009 when the financial crisis hit the market badly. It grew at a CAGR of over 13% during 2005-2009. The Polish insurance market is dominated by life insurance segment that has shown more consistent growth and outperformed non-life counterpart over the last few years. However, life insurance fell sharply in 2009 owing to adverse economic conditions. According to our new research report ³Poland Insurance Market Forecast (2008-2012)´, demand for life insurance products in Poland has again picked up with the revival of economy and improvement in income level. This is evident from the fact that the gross written premium by life insurers has increased by around 4% during the first quarter of 2010 over the same period last year. With this revival in demand for life insurance products, the gross premium written by life insurer is expected to grow at a CAGR of around 16% during 2009-2013. The report provides an extensive research and objective analysis of the growing insurance industry in Poland, its structure and demand potential. The report has also identified the important players operating in the sector. The key players section talks about business profiling of all leading players. Moreover, it has analyzed all the emerging trends, important drivers and key challenges to help investors understand the market conditions. The report has also identified the possible growth areas for expansion of the Polish insurance industry. Most importantly, the report has figured out the expected insurance sales of both life insurance and non-life insurance segments. The forecast is based on the correlation between past market growth and growth in base drivers, penetration level, rise in living standard, GDP growth and competitive structure and government support. Saudi Arabia Insurance Market to 2012 The Saudi Arabian insurance industry has emerged as one of the fastest growing insurance industries across the world. While the global economic crisis has severely hit other industrial sectors, the insurance industry has marinated its 30-35% annual growth rate on the back of compulsory insurance lines. According to our new research report ³Saudi Arabia Insurance Market to 2012´, protection & savings and health insurance are the fastest growing insurance lines in the country, with health insurance accounted for around 50% of the overall insurance market at the end of 2009. The health insurance sector is expected to grow at fast pace on the back of increasing involvement of private companies and the obligation for foreign nationals and foreign pilgrims to buy insurance covers. In addition, the most recent introduction of compulsory health insurance for private employees, irrespective of the size of the company they are working with, will further boost the health insurance market in the country. Moreover, the general insurance category has shown substantial growth despite being heavily hit by the financial crisis. It is expected to grow at a CAGR of more than 24% between 2010 and 2012 owing to rising motor and energy insurance. Property and aviation insurance are expected to emerge as the fastest growing general insurance segments over the forecast period. The motor insurance segment is projected to grow at a CAGR of 30% between 2010 and 2012. The fast growth rate will be achieved on the back of promotional strategies deployed by government. With the strong prospective growth in auto sales, the premium of motor insurance will increase as vehicle insurance has been made compulsory in the country. ³Saudi Arabia Insurance Market to 2012´ is an outcome of extensive research and detailed study of the insurance sector in Saudi Arabia. The report discusses each of the insurance products in detail. Most importantly, it helps clients to get an idea about the direction in which the sector is likely to move in the coming years. The report also analyzes the pattern of macroeconomic variables and their impact on the insurance sector. It also discusses the emerging industry trends which will decide the insurance sector future in the country. UAE Insurance Market Forecast to 2012 Driven by factors such as low insurance penetration levels and favorable demographic profile, the UAE insurance industry has been witnessing noteworthy upsurge for the past few years. The huge untapped insurance market in the country has been providing tremendous opportunities for expansion to the existing as well as new players. According to our new research report ³UAE Insurance Market Forecast to 2012´, the industry witnessed a CAGR of around 30.5% during 2006-2009, and we anticipate that the future prospects of the industry will also remain buoyant, owing to strong economic growth and government initiatives like separate licenses for life and non-life insurance products. Moreover, high demand for various insurance products, like life insurance, motor insurance, engineering insurance and home insurance, will also provide the impetus for the growth of the industry. In this regard, we have done extensive research and analysis of the UAE insurance industry and its various segments. Our research also indicates that the non-life segment of the insurance industry will show significant growth in coming years. The baseline for optimistic future projection of the market is created by more underwriting funds to promote new non-life products in the market. Besides this, takaful insurance, private pension funds and bancassurance will also pave the way for the growth of the UAE insurance market over the forecast period (2010- 2013). Our report also emphasizes that the future growth trend, to some extent, will be impacted by the financial turmoil and credit squeeze. Nevertheless, the overall trend will remain positive over the forecast period. The government has been taking various initiatives for the promotion of the insurance sector. As the medical insurance has been made compulsory from 2010, it is expected that the premiums from the medical insurance segment will make a significant contribution to the non-life insurance sector. ³UAE Insurance Market Forecast to 2012´ provides a rational analysis and reliable statistics of the insurance industry in UAE. The report thoroughly examines current market trends, industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Besides this, the report also provides brief overview of the key market players in the UAE insurance industry. Vietnam Insurance Sector Forecast to 2013 With the limited penetration and huge potential, Vietnam offers ample opportunities for international insurers. The Vietnam insurance market is one of the fastest growing insurance markets in the world. This is evident from the fact that while the insurance markets worldwide were facing financial crisis, the Vietnam insurance market was enjoying robust double digit growth. It grew at a CAGR of close to 20% during 2007-2009. According to our new research report "Vietnam Insurance Sector Forecast to 2013", the non-life insurance sector, which accounts for over half of the insurance market, has witnessed robust growth over the past couple of years. It is expected to grow at a CAGR of around 25% during 2010-2013. Strong demand for motor vehicle insurance products, property and health insurance products are the major factors for the prospective growth. The life insurance also recorded healthy growth in 2009. In fact, it witnessed an increase in growth rate compared to previous years as more and more people seek insurance cover to protect themselves from different kinds of risks. The life insurance premium grew at a CAGR of around 10% during 2005-2009. The report provides extensive research and objective analysis of the growing Vietnam insurance industry, its structure and demand potential. The report has identified important players operating in the sector. The key players section talks about business profiling of all leading players. Moreover, it has analyzed all the emerging trends including important drivers and key challenges to help investors understand the market conditions. The report has identified the possible growth areas for the expansion of Vietnam insurance industry. Most importantly, the report has figured out the expected insurance sales of both life and non-life insurance products. The forecast is based on the correlation between past market growth and growth in base drivers, penetration level, rise in living standard, GDP growth and competitive structure and government support. Middle East Insurance Market Forecast to 2012 The Middle East insurance market is growing and changing rapidly. Although in comparison to other parts of the world, this market is relatively small, the scope for further expansion is huge. The insurance market in the region is expected to grow at a CAGR of around 25% during our forecast period (2010-2013) mainly due to the highly untapped market, rising awareness level, health consciousness and initiatives taken by governments of various countries in the region, says ³Middle East Insurance Market Forecast to 2012´. The report covers GCC nations including Kuwait, Bahrain, Saudi Arabia, Qatar, United Arab Emirates and Oman. In addition to these, the insurance industry of Turkey, Iran, Israel and Jordan have also been analyzed. The report details the market size of all these countries and states that Israel was the largest market in the region for insurance premium, followed by Turkey and UAE. Also, the report forecasts the future growth rates of the insurance markets in all these countries. Saudi Arabia will witness the highest CAGR of around 36%, followed by Bahrain and UAE during the forecast period. Evaluation of Life and Non-life insurance segments has also been provided in the report. Non-life insurance segments like health, motor, marine, fire insurance have been thoroughly discussed. Islamic Insurance is another growing area in Middle East and the report covers takaful share in different countries as well.
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