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United Arab Emirates Insurance Report Q1 2009

  • ID: 837049
  • March 2009
  • Region: United Arab Emirates
  • 68 Pages
  • Business Monitor International

United Arab Emirates Insurance Report provides independent forecasts and competitive intelligence on United Arab Emirates's insurance industry.

We believe that the UAE will avoid an economic contraction in 2009 – but only just. Further negative news in the property market has shaken investor and consumer confidence, and growth in these two components of growth domestic product will drop considerably.

The coming year will be a difficult one for the UAE. We have revised down our growth forecasts once again on the back of a worsening export sector, weakness in the construction market, job losses and increased investor caution. It is possible that the country could fall into recession – defined as two consecutive quarters of negative growth – during the year, but this will be difficult to assess given the lack of quarterly data provided by the central bank. Overall, we believe that real GDP will grow by 1.0% in 2009, rising to a healthier 3.4% in 2010. Much of the worst news will come out of Dubai; this is the Emirate that is most closely integrated with the global economy and the one that has experienced the most rapid growth in recent years. Abu Dhabi READ MORE >

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The Sector At A Glance ...
Table: The UAE Insurance Sector At A Glance
Key Insights On The United Arab Emirates’ Insurance Sect
UAE Insurance Industry SWOT
Development of our Insurance Reports
Table: Selected European Countries: Projected Budget And Current Account, 2008 (as % of GDP)
Projections And Forec
Table: Insurance Data And Projections, 2006-2013
Projections And Drivers Of Growth
Table: Growth Drivers, 2005-2013
Country Update
Macroeconomic Outlook
Table: United Arab Emirates - Economic Activity
Political Outlook
Table: UAE Insurance Business Environment
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
Analysis Of Competitive Conditions
Regional Overview
Total: Overview Of Local Insurance Companies In The UAE, 2006 And 2007 (US$mn)
Table: Overview Of Local Insurance Companies In Kuwait, 2006 And 2007 (US$mn)
UAE – Non-Life Segment
UAE – Life Segment
Company Profiles
HSBC Insurance
Liberty Mutual
Country Snapshot: UAE Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2000-2004
Table: Consumer Expenditure, 2000-2012 (US$)
Basis Of Projections
Insurance Business Environment Rating
Table: Insurance Business Environment Indicators And Rationale
Table: Weighting Of Indicators

Note: Product cover images may vary from those shown

-HSBC Insurance
-Liberty Mutual

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


Our Clients

Transatlantic Holdings, Inc. Aon Plc. Swiss Reinsurance Company Ltd. Prudential Financial, Inc. General Reinsurance Corporation ING Group