DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2cgv47/the_insurance) has announced the addition of the "The Insurance Industry in Yemen, Key Trends and Opportunities to 2017" report to their offering.
The Yemeni insurance industry registered positive growth at a CAGR of 6.2% during the review period (2008-2012), despite uncertain political and economic conditions in the country.
The personal accident and health segment registered the highest review-period CAGR of 14.9%, while the life and non-life insurance segments recorded respective CAGRs of 6.1% and 3.8%. Large infrastructure projects and favorable measures for economic development are expected to drive growth in the industry over the forecast period (2012-2017).
Demand for conventional insurance policies over the forecast period will be driven by the low insurance penetration level and the government's initiative to encourage overseas investors by opening up the economy. Yemen is expected to gain membership to the World Trade Organization (WTO) and the Gulf Cooperation Council (GCC) over the forecast period, which will attract foreign inward investments.
However, security problems in the country have been an obstacle in gaining memberships. Improvements in internal security are therefore expected over the forecast period
Scope
This report provides a comprehensive analysis of the insurance industry in Yemen:
- It provides historical values for Yemeni insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key segments and sub-segments in Yemeni insurance industry, along with forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Yemen, and outlines the key regulations affecting them
Companies Mentioned
United Insurance
Trust Yemen Insurance and Reinsurance
Mareb Yemen Insurance Co.
MIS - Medical Insurance Specialist
CAK Insurance
Al-Watania Insurance
Islamic Insurance
Aman Insurance
Yemen General Insurance
Yemeni Qatari Insurance
For more information visit http://www.researchandmarkets.com/research/2cgv47/the_insurance
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