Big growth in the turnover of Gulf States’ insurers

Over a period of ten years, the average premium annual growth rate has been set at 16% for the countries mentioned.
This sustained growth has been accounted for by a series of factors including population growth, the prospering economies of the region and the rise in life expectancy rates.
Moreover, governments are investing more regularly in mega infrastructure projects while imposing a multitude of compulsory covers including health insurance plans.
Meanwhile, the boom of Islamic insurance has provided for considerable premium opportunities.

Read also:

• Significant changes in the MENA insurance market
• Strong growth of non-life insurance in the MENA region