by: Shushmul Maheshwari
RNCOS, in its latest market research report “Saudi Arabia Insurance Market to
2012", states that the health insurance market, which represented close to half
of the Saudi insurance market in 2008, is predicted to grow at a CAGR of about
30-32% during 2009-2013. Due to its compulsory nature, there has hardly been any
impact of global financial crisis on this market; in fact, the YOY growth in
2008 was much higher than 2007.
With the significantly increasing role of private insurance companies to develop
the scope for insurance cover, the health insurance market in the kingdom is
expanding at a rapid pace. At present, the kingdom's approx 7 Million expatriate
workers, including domestic workers are obliged to show proof of health
insurance cover to renew their residence or work permits. And, with recent
introduction of compulsory health insurance for private employees irrespective
of the size of the company they are working with, the health insurance market in
the country is set to record further growth.
Moreover, the government is also planning to make the health insurance cover
compulsory for the 9 Million religious pilgrims who visit the country every
year. Currently, the government subsidizes healthcare for the hundreds of
thousands of pilgrims who fall ill in Saudi Arabia each year. This leaves ample
room for the market to expand and the new health insurance companies to build up
their operations.
“Saudi Arabia Insurance Market to 2012" is a comprehensive research report that
comprises quality research and in-depth analysis on the insurance market in
Saudi Arabia. It studies the emerging market trends, recent developments and
their impact on the market. The report will help clients to analyze the
leading-edge opportunities, prospective customer base, key players and all the
other factors that are critical to the success of a new entrant in the insurance
industry of Saudi Arabia. Most importantly, the report also gives future outlook
on each of the important insurance segments, which will assist clients in making
prudent investment decisions.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM024.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
About The Author
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a
team of industry experts who analyze data collected from credible sources. We
provide industry insights and analysis that helps corporations to take timely
and accurate business decision in today's globally competitive environment.
Source :
http://www.articlecity.com/articles/business_and_finance/article_11539.shtml
Tags:
Saudi
Arabian Health Insurance |
