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FINANCIAL NEWS
MidEast insurance market to grow 25% annually
31 May 2010
(MENAFN) A report issued by ResearchAndMarkets.com has forecast that the Middle East insurance market is expected to grow at about 25 percent a year between this year and 2013, Gulf Daily News reported.
The report noted that high growth is mainly due to the highly untapped market, rising awareness level, health consciousness and initiatives taken by governments of various countries in the region.
According to the report, Saudi Arabia will witness the highest growth in the market at around 36 percent, followed by Bahrain and the UAE.
ResearchAndMarkets.com provides extensive research and in-depth analysis of the insurance sector in the Middle East.
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