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The Insurance Industry in Yemen, Key Trends 2016

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Synopsis

The report provides in depth market analysis, information and insights into the insurance industry in Yemen, including:
• The Yemeni insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Yemen insurance industry
• The current trends and drivers of the Yemen insurance industry
• The challenges facing the Yemen insurance industry
• The regulatory framework of the Yemen insurance industry http://www.bharatbook.com/insurance-market-research-reports/the-insurance-industry-in-yemen-key-trends-and-opportunities-to-2016.html

Summary

The size of the Yemeni insurance industry is relatively small compared to neighboring MENA countries. Over 89% of the country’s inhabitants do not posses any kind of insurance, despite the existence of insurance services in the country for several decades. The main reasons for this low penetration are low awareness of insurance products and the extreme political and economic conditions in the country. Demand for conventional insurance policies is expected to increase substantially over the forecast period. This will be driven by the low insurance penetration level and by 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), which is likely to attract foreign inward investments in Yemen.

Scope


This report provides a comprehensive analysis of the insurance industry in Yemen:
• It provides historic values for the Yemeni insurance industry for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
• It offers a detailed analysis of the key segments and categories in the Yemeni insurance industry, along with industry forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
• It profiles the top insurance companies in Yemen and outlines the key regulations affecting them

Reasons To Buy

• Make strategic business decisions using in depth historic and forecast industry data related to the Yemeni insurance industry and each segment within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Yemeni insurance industry
• Assess the competitive dynamics in the Yemeni insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Yemeni insurance industry and its impact on companies and the industry's future

Key Highlights

• The size of the Yemeni insurance industry is relatively small compared to neighboring MENA countries.
• Over 89% of the country’s inhabitants do not posses any kind of insurance, despite the existence of insurance services in the country for several decades.
• The main reasons for this low penetration are low awareness of insurance products and the extreme political and economic conditions in the country.
• Demand for conventional insurance policies is expected to increase substantially over the forecast period.
• This will be driven by the low insurance penetration level and by 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), which is likely to attract foreign inward investments into Yemen.

Table of Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Yemeni Insurance Industry Overview
3.1 Industry Overview
3.2 Yemeni Insurance Industry – Market Size, 2007–2016
3.3 Key Industry Trends and Drivers
3.4 Challenges
4 Legislation, Supervision and Control
4.1 Legislation Overview and Historical Evolution
4.2 Legislation Trends by Type of Insurance
4.2.1 Life insurance regulatory trends
4.2.2 Property insurance regulatory trends
4.2.3 Motor insurance regulatory trends
4.2.4 Marine, aviation and transit insurance regulatory trends
4.2.5 Health insurance regulatory trends
4.3 Compulsory Insurance

For more information kindly visit :
The Insurance Industry in Yemen, Key Trends and Opportunities to 2016

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