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Personal Accident and Health Insurance in the UAE, Key Trends and Opportunities to 2019

Personal Accident and Health Insurance in the UAE, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the UAE, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the UAE personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and claims during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the UAE economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in the UAE, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the UAE personal accident and health insurance segment, including:

  • The UAE personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the UAE economy and demographics
  • The various distribution channels in the UAE personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in the UAE
  • Details of regulatory policy applicable to the UAE insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in the UAE:
  • It provides historical values for the UAE personal accident and health insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key categories in the UAE personal accident and health insurance segment, and market forecasts to 2019.
  • It profiles the top personal accident and health insurance companies in the UAE, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the UAE personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the UAE personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the UAE insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Personal accident and health insurance was the fastest-growing segment in the industry, with a review-period CAGR of 20.2%.
  • The personal accident and health segment is dominated by the health insurance category, which accounted for 96.6% of the segment’s gross written premium in 2014.
  • Enhanced regulations and increasing costs of healthcare in the Emirates are the key drivers for the segment’s growth, and will encourage competition and create market stability over the forecast period.
  • Brokers were the second-largest distribution channel in 2014, accounting for 30.7% of the segment’s overall direct written premium.
  • Direct marketing was the largest distribution channel, accounting for 49.8% of the direct written premium in 2014, due to its low costs.


  • Key Facts and Highlights
    • Table UAE Personal Accident and Health Insurance - Key Facts, 2014
  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Economy and Demographics
    • Table UAE Government Credit Ratings
  • Personal Accident and Health Insurance Segment Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Personal Accident and Health Insurance Growth Prospects by Category
      • Table UAE Personal Accident and Health Insurance - Gross Written Premium by Category (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Gross Written Premium by Category (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Direct Written Premium by Category (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Direct Written Premium by Category (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Net Earned Premium (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Net Earned Premium (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Paid Claims by Category (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Paid Claims by Category (AED Million), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Incurred Loss by Category (AED Million), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Incurred Loss by Category (AED Million), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Net Written Premium by Category (AED Million), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Net Written Premium by Category (US$ Million), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Net Written Premium by Category (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Net Written Premium by Category (US$ Million), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Commission and Expenses (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Commission and Expenses (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Number of Policies per Capita, 2010-2014
      • Table UAE Personal Accident and Health Insurance - Number of Policies per Capita, 2014-2019
      • Table UAE Personal Accident and Health Insurance - Total Assets (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Total Assets (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Total Investment Income (AED Million), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Total Investment Income (AED Million), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
      • Personal accident insurance
        • Table UAE Personal Accident Insurance - Number of Policies Sold (Thousand), 2010-2014
        • Table UAE Personal Accident Insurance - Number of Policies Sold (Thousand), 2014-2019
        • Table UAE Personal Accident Insurance - Direct Written Premium (AED Million), 2010-2014
        • Table UAE Personal Accident Insurance - Direct Written Premium (AED Million), 2014-2019
        • Table UAE Personal Accident Insurance - Loss Ratio (%), 2010-2014
        • Table UAE Personal Accident Insurance - Loss Ratio (%), 2014-2019
      • Health insurance
        • Table UAE Health Insurance - Gross Written Premium (AED Billion), 2010-2014
        • Table UAE Health Insurance - Gross Written Premium (US$ Billion), 2010-2014
        • Table UAE Health Insurance - Gross Written Premium by Sub-Category (AED Billion), 2014-2019
        • Table UAE Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2014-2019
      • Non-life health insurance
        • Table UAE Non-Life Health Insurance - Number of Policies Sold (Thousand), 2010-2014
        • Table UAE Non-Life Health Insurance - Number of Policies Sold (Thousand), 2014-2019
        • Table UAE Non-Life Health Insurance - Direct Written Premium (AED Billion), 2010-2014
        • Table UAE Non-Life Health Insurance - Direct Written Premium (AED Billion), 2014-2019
        • Table UAE Non-Life Health Insurance - Paid Claims (AED Billion), 2010-2014
        • Table UAE Non-Life Health Insurance - Paid Claims (AED Billion), 2014-2019
        • Table UAE Non-Life Health Insurance - Loss Ratio (%), 2010-2014
        • Table UAE Non-Life Health Insurance - Loss Ratio (%), 2014-2019
        • Table UAE Non-Life Health Insurance - Net Written Premium (AED Billion), 2010-2014
        • Table UAE Non-Life Health Insurance - Net Written Premium (AED Billion), 2014-2019
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table UAE Personal Accident and Health Insurance - Direct Marketing Value of Commission (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Direct Marketing Value of Commission (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Direct Marketing Direct Written Premium (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Direct Marketing Direct Written Premium (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Number of Policies Sold Through Direct Marketing (Thousand), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Number of Policies Sold Through Direct Marketing (Thousand), 2014-2019
    • Agencies
      • Table UAE Personal Accident and Health Insurance - Agencies' Value of Commission (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Agencies' Value of Commission (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Agencies' Direct Written Premium (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Agencies' Direct Written Premium (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Number of Policies Sold Through Agencies (Thousand), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Number of Policies Sold Through Agencies (Thousand), 2014-2019
    • Brokers
      • Table UAE Personal Accident and Health Insurance - Brokers' Value of Commission (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Brokers' Value of Commission (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Brokers' Direct Written Premium (AED Billion), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Brokers' Direct Written Premium (AED Billion), 2014-2019
      • Table UAE Personal Accident and Health Insurance - Number of Policies Sold Through Brokers (Thousand), 2010-2014
      • Table UAE Personal Accident and Health Insurance - Number of Policies Sold Through Brokers (Thousand), 2014-2019
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the UAE Personal Accident and Health Insurance Segment
      • Table UAE Life Insurance - Segment Shares (%), 2014
      • Oman Insurance Company - company overview
        • Table Oman Insurance Company - Key Facts
        • Table Oman Insurance Company - Key Financials (AED Million), 2010-2014
      • Abu Dhabi National Insurance Company - company overview
        • Table Abu Dhabi National Insurance Company - Key Facts
        • Table Abu Dhabi National Insurance Company - Key Financials (AED Million), 2010-2014
      • Orient Insurance Company - company overview
        • Table Orient Insurance Company - Key Facts
        • Table Orient Insurance Company - Key Financials (AED Million), 2010-2014
      • Emirates Insurance Company - company overview
        • Table Emirates Insurance Company - Key Facts
        • Table Emirates Insurance Company - Key Financials (AED Million), 2010-2014
      • Al Ain Ahlia Insurance Company - company overview
        • Table Al Ain Ahlia Insurance Company - Key Facts
        • Table Al Ain Ahlia Insurance Company - Key Financials (AED Million), 2010-2014
      • Al Buhaira National Insurance Company - company overview
        • Table Al Buhaira National Insurance Company - Key Facts
        • Table Al Buhaira National Insurance Company - Key Financials (AED Million), 2010-2014
      • Union Insurance Company - company overview
        • Table Union Insurance Company - Key Facts
        • Table Union Insurance Company - Key Financials (AED Million), 2010-2014
      • National General Insurance Company - company overview
        • Table National General Insurance Company - Key Facts
        • Table National General Insurance Company - Key Financials (AED Million), 2010-2014
      • Al Wathba National Insurance Company - company overview
        • Table Al Wathba National Insurance Company - Key Facts
        • Table Al Wathba National Insurance Company - Key Financials (AED Million), 2010-2014
      • Al Sagr National Insurance Company - company overview
        • Table Al-Sagr National Insurance Company - Key Facts
        • Table Al-Sagr National Insurance Company - Key Financials (AED Million), 2010-2014
  • Governance, Risk and Compliance
    • Table UAE - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table UAE - Life Insurance Regulatory Framework
      • Property insurance
        • Table UAE - Property Insurance Regulatory Framework
      • Motor insurance
        • Table UAE - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table UAE - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Health insurance
      • Medical liability insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Insurance Authority
      • Dubai Financial Services Authority
      • Emirates Insurance Association
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
        • Table UAE - Maximum Limits for Investments in Various Assets by Insurers
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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