Released on: February 2, 2008, 2:29 am

Press Release Author: Shushmul Maheshwari

Industry: Financial

Press Release Summary: With insurance sector booming, RNCOS’ has added a new
market research report in its report gallery. The report named “Opportunities
in Middle East Insurance Market” provides extensive research and in-depth
analysis of the insurance sector in the Middle East.



Press Release Body: With insurance sector booming, RNCOS’ has added a new
market research report in its report gallery. The report named “Opportunities
in Middle East Insurance Market” provides extensive research and in-depth
analysis of the insurance sector in the Middle East.

The report helps clients to analyze the leading-edge opportunities critical to the
success of the insurance industry in the region. Detailed data and analysis helps
clients navigate the evolving insurance markets of the region.

For our research purpose, only Bahrain, Iran, Israel, Saudi Arabia, United Arab
Emirates, Qatar, Oman, Kuwait, Jordan and Turkey have been included in the Middle
East.

The forecast given in this report is not based on a complex economic model, but is
intended as a rough guide to the direction in which the market is likely to move.
This forecast is based on a correlation between past market growth and growth of
base drivers.

Market Analysis

The insurance market in the Middle East is lagging behind other financial service
sectors in the region, as evidenced by low penetration, undercapitalized supply and
an underdeveloped regulatory framework.

However, the Middle East offers vast opportunities for existing as well as new
players and is expected to grow at the compound rate of 18-20% in near future,
attributed to its highly untapped market, rising awareness level, health
consciousness and initiatives taken by government of respective countries in the
region.

Looking at the country-wise performance, Turkey has written the highest premium
among all the Middle East countries, followed by Israel, Iran and UAE while Oman
remained at the lowest position in past two years (2004 and 2005). But in terms of
growth, UAE took the lead with year on year (YOY) growth rate of 27.38% in 2006
followed by Turkey at 23.68%.

Key Issues and Facts
- Which are the best performing countries in the Middle East?
- How is growth in the health and group insurance driving the insurance sector?
- What are the driving factors for insurance industry in the region?
- What are the emerging opportunities and challenges for the industry players?
- What are the most prospective areas for investments in the insurance sector in
near future?
- Which factors will lead to the growth of life and non-life insurance in the Middle
East?
- Who are the key players in the region?

Research Methodology Used

Information Sources

Information has been sourced from several authentic sources including books,
newspapers, trade journals, and white papers, industry portals, government agencies,
trade associations, monitoring industry news and developments, and through access to
more than 3000 paid databases.

Analysis Methods

The analysis methods include ratio analysis, historical trend analysis, linear
regression analysis using software tools, judgmental forecasting, and cause and
effect analysis.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM546.htm
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