United Arab Emirates Insurance Report Q2 2009

Table of Contents

The Sector At A Glance 5
Table: The United Arab Emirates Insurance Sector At A Glance 5
Key Insights On The United Arab Emirates' Insurance Sector 5
SWOT Analysis7
UAE Insurance Industry SWOT 7
UAE Political SWOT 8
UAE Economic SWOT 9
UAE Business Environment SWOT 10
Development Of BMI' s Insurance Reports 11
Comment - The Global Financial Crisis 11
Table: Selected European Countries: Budget And Current Account, 2008 (as % of GDP) 13
Revision Of Data And Forecasts 16
Projections And Forecasts17
Table: Insurance Data And Projections, 2006-2013 17
Projections And Drivers Of Growth 17
Table: Growth Drivers, 2006-2013 18
Country Update 19
Macroeconomic Outlook 19
Table: United Arab Emirates - Economic Activity 21
Political Outlook 22
Insurance Business Environment Rating 24
Table: United Arab Emirates' Insurance Business Environment 24
Table: Middle East and Africa Insurance Business Environment Rankings 25
Regional Context26
Table: Non-Life Premiums In A Regional Context, 2008 26
Table: Life Premiums In A Regional Context, 2008 27
Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006 28
Analysis Of Competitive Conditions29
Regional Overview 29
Total: Overview Of Local Insurance Companies In The UAE, 2006 And 2007 (US$mn) 31
Table: Overview Of Local Insurance Companies In Kuwait, 2006 And 2007 (US$mn) 32
Company Profiles33
AGF 33
AIG 34
Allianz 37
Aviva 39
AXA 40
Cardif 41
Ergo 44
Eureko 45
Fortis 47
Generali 48
Groupama 50
HSBC Insurance 52
Liberty Mutual 54
MAPFRE 56
RSA 57
UNIQA 58
Zurich 59
Country Snapshot: UAE Demographic Data 61
Section 1: Population 61
Table: Demographic Indicators, 2005-2030 61
Table: Rural/Urban Breakdown, 2005-2030 62
Section 2: Education And Healthcare 62
Table: Education, 2002-2005 62
Table: Vital Statistics, 2005-2030 62
Section 3: Labour Market And Spending Power 63
Table: Employment Indicators, 2000-2004 63
Table: Consumer Expenditure, 2000-2012 (US$) 63
Methodology64
Basis Of Projections 64
Insurance Business Environment Rating 65
Table: Insurance Business Environment Indicators And Rationale 66
Table: Weighting Of Indicators 67