the insurance industry in syria, key trends and opportunities to 2018
TRANSCRIPT
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The Insurance Industry in Syria, Key Trends and
Opportunities to 2018
Category : Banking & Finance
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Introduction to Report
Launch Date: September 3, 2014
Number of Pages: 133
Geography Coverage: Syria
Available Format: PDF
Price For Single User License: USD 1,950
Price For Site License: USD 3,900
Price For Global User License: USD 5,850
Delivery Time: Within 24 Hours (During Working Days)
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About the Report
The Insurance Industry in Syria, Key Trends and Opportunities to 2018 report provides a comprehensive analysis of the insurance industry in Syria. The report provides in-depth industry analysis, information and insights into the insurance industry in Syria.
The Syrian Insurance industry was nationalized in 1961, although signs of change were visible only at the end of 1990s as the government began to realign its economic stance. With the opening of other sectors to private enterprises, there has been an increased need for commercial insurance.
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Key Highlights
In terms of gross written premium value, the Syrian insurance industry declined at a review-period compound annual growth rate of -0.8%.
The Muslim population accounts for 87% of the total population in Syria, with takaful insurance expected to account for a significant industry share over the forecast period.
Syria’s healthcare system suffered greatly due to the civil war and the subsequent ongoing political turmoil. Individuals have been deprived of any kind of medical assistance due to the destruction of hospitals and attacks on senior doctors, nurses and other medical staff.
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Key Highlights Continues…
A key challenge for the Syrian insurance industry is the country’s rising level of unemployment, which lowers consumer buying power and discourages people from investing in insurance.
The Syrian insurance industry is struggling with inadequate supervision, due to a weak regulatory framework.
The ongoing Syrian civil war, which started in 2011, has had a drastic impact on both the country’s economy and its citizens’ livelihoods.
The Syrian economy is undergoing a declining phase, with the impact of the crisis being very severe. Even after years, the economy struggles to provide the population with basic necessities, such as food, clothing and shelter.
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Scope
It provides historical values for the Syrian insurance industry for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
It offers a detailed analysis of the key segments and categories in the Syrian insurance industry, along with forecasts until 2018.
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 Syria, and outlines the key regulations affecting them.
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Report Coverage
1. Executive Summary2. Introduction3. Syrian Insurance Industry Overview4. Industry Segmentation5. Governance, Risk and Compliance6. Competitive Landscape7. Economic Indicators8. Appendix
For more details regarding Report coverage see the last slide
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Company Coverage
1. United Insurance Company2. Syrian Kuwaiti Insurance 3. Trust Insurance Syria Company 4. Arope Syria
For more details regarding Report coverage see the last slide
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