Saudi Arabia Reinsurance Sector Examined by Timetric in Its Topical Report Published at MarketPublishers.com16 Feb 2017 • by Natalie Aster
LONDON – Non-life insurers will likely cede more premiums to curtail losses, generating business for reinsurance organisations. The existence of heavy industries raises the possibility of industrial disasters with huge losses.
Insurance companies in the Persian Gulf region cede 35–65% of their portfolio of insurance coverages with reinsurance firms.
Reinsurers are embracing digital technology, big data analytics and progressive analytical tools to meticulously profile risk and design risk-adjusted insurance products.
Reinsurance firms are generating solutions to cover high severity, low frequency risks, and niche sector risks like terrorism, cybercrime, disasters on the agriculture sector, and pollution.
Topical market research report “Reinsurance in Saudi Arabia, Key Trends and Opportunities to 2020” developed by Timetric provides a comprehensive, all-round analysis of the Saudi Arabia reinsurance sector.
It provides in-depth historical figures for the country’s reinsurance segment over the analysis period, and projected data through 2020. The report offers a detailed assessment of the major categories in the domestic reinsurance segment, and market forecast data. It provides an all-rounded evaluation of the reinsurance ceded from different segments of the direct insurance industry across the country, and the reinsurance segment's growth opportunities. It canvasses different natural and human perils and their influence on the domestic insurance marketplace.
More topical market reports by this publisher are provided at Timetric page.