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Status Insurance Middle East

  • Life Insurance Penetration
    • Worldwide: 8%
    • Middle East: 2%
    • Saudi Arabia: 0,5%
    • Takaful- amount of the total insurance market: <1%
    • Gains in 1993: 30 Mio. US$
    • Gains in 2005: approx. 2 billion US$
    • Strong growth rate: +25% in 2005 primarily in Asia, Middle East and Africa
    • Estimated premium volume worldwide until 2015: 8-10 billion US$
  • Number of Takaful- operators has increased worldwide:
    • 1979: 21 providers
    • 2004: 80 providers and 12 re-Takaful enterprises
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