1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > The Insurance Industry in Yemen, Key Trends and Opportunities to 2019

Synopsis
Timetric’s 'The Insurance Industry in Yemen, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Yemeni insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Yemeni economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'The Insurance Industry in Yemen, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Yemeni insurance industry, including:

- The Yemeni insurance industry's growth prospects by segment and category

- A comprehensive overview of the Yemeni economy and demographics

- The detailed competitive landscape in the Yemeni insurance industry

- The various distribution channels in the Yemeni insurance industry

- Details of regulatory policy applicable to the Yemeni insurance industry

- Analysis of natural hazards in Yemen

Scope
This report provides a comprehensive analysis of the insurance industry in Yemen:

- It provides historical values for the Yemeni insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key segments in the Yemeni insurance industry, with market forecasts to 2019.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

- It analyzes the various distribution channels in Yemen.

- It profiles the top insurance companies in Yemen and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Yemeni insurance industry and each segment and category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Yemeni insurance industry.

- Assess the competitive dynamics in the Yemeni insurance industry.

- Identify growth opportunities and market dynamics in key segments.

- Gain insights into key regulations governing the Yemeni insurance industry and their impact on companies and the industry's future.

Key Highlights
- The Ministry of Industry and Trade supervises the Yemeni insurance industry, and is responsible for the monitoring and control of insurers and intermediaries.

- Yemeni insurance is dominated by domestic insurance companies and insurers from the GCC and MENA regions.

- Health insurance was the largest category in terms of gross written premium in 2014.

- In 2015, insurance penetration in Yemen stood at 0.3%.

- Standard insurance cover in Yemen does not include political risk cover, and Yemeni insurers were spared from making huge insurance payments for fatalities and damages caused by the military conflict.

Table Of Contents

The Insurance Industry in Yemen, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Yemeni Insurance Industry Overview
4.1 Yemeni Insurance Industry
5 Industry Segmentation
5.1 Life Insurance
5.2 Non-Life Insurance
5.2.1 Property insurance
5.2.2 Motor insurance
5.2.3 Liability insurance
5.2.4 Marine, aviation and transit insurance
5.3 Personal Accident and Health Insurance
5.3.1 Personal accident insurance
5.3.2 Health insurance
6 Natural and Man-made Hazards
6.1 Floods
6.2 Landslides
6.3 Drought
6.4 Cyclones
6.5 Earthquakes
6.6 Volcanic Eruptions
6.7 Man-Made Disasters
6.8 Exposure
7 Competitive Landscape
7.1 Overview
7.2 Leading Companies
7.2.1 United Insurance Company - company overview
7.2.2 Medical Insurance Specialist - company overview
7.2.3 Trust Yemen Insurance and Reinsurance Company - company overview
7.2.4 CAC Insurance Company - company overview
7.2.5 Mareb Insurance Company - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Social health insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 The Ministry of Industry and Trade
8.5.3 Yemeni Insurance Union
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Definitions and Methodology
9.1 Definitions
9.2 Methodology
10 About Timetric
10.1 Contact Timetric
10.2 About Timetric
10.3 Timetric's Services
10.4 Disclaimer

List of Tables
Table 1: Yemeni Insurance Industry - Key Facts
Table 2: Yemen - Insurance Gross Written Premium by Segment (YER Billion), 2010-2014
Table 3: Yemen - Insurance Gross Written Premium by Segment (US$ Million), 2010-2014
Table 4: Yemen - Insurance Gross Written Premium by Segment (YER Billion), 2014-2019
Table 5: Yemen - Insurance Gross Written Premium by Segment (US$ Million), 2014-2019
Table 6: Yemen - Insurance Segmentation by Gross Written Premium (Percentage Share), 2010-2019
Table 7: Yemen - Insurance Direct Written Premium by Segment (YER Billion), 2010-2014
Table 8: Yemen - Insurance Direct Written Premium by Segment (US$ Million), 2010-2014
Table 9: Yemen - Insurance Direct Written Premium by Segment (YER Billion), 2014-2019
Table 10: Yemen - Insurance Direct Written Premium by Segment (US$ Million), 2014-2019
Table 11: Yemen - Insurance Segmentation by Direct Written Premium (Percentage Share), 2010-2019
Table 12: Yemeni Life Insurance - Paid Claims (YER Billion), 2010-2014
Table 13: Yemeni Life Insurance - Paid Claims (YER Billion), 2014-2019
Table 14: Yemeni Life Insurance - Incurred Loss (YER Billion), 2010-2014
Table 15: Yemeni Life Insurance - Incurred Loss (YER Billion), 2014-2019
Table 16: Yemen Non-Life Insurance - Gross Written Premium by Category (YER Billion), 2010-2014
Table 17: Yemen Non-Life Insurance - Gross Written Premium by Category (US$ million), 2010-2014
Table 18: Yemeni Non-Life Insurance - Gross Written Premium by Category (YER Billion), 2014-2019
Table 19: Yemeni Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 20: Yemeni Non-Life Insurance - Direct Written Premium by Category (YER Billion), 2010-2014
Table 21: Yemeni Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 22: Yemeni Non-Life Insurance - Direct Written Premium by Category (YER Billion), 2014-2019
Table 23: Yemeni Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 24: Yemeni Non-Life Insurance - Paid Claims (YER Billion), 2010-2014
Table 25: Yemeni Non-Life Insurance - Paid Claims (YER Billion), 2014-2019
Table 26: Yemeni Non-Life Insurance - Incurred Loss (YER Billion), 2010-2014
Table 27: Yemeni Non-Life Insurance - Incurred Loss (YER Billion), 2014-2019
Table 28: Yemeni Property Insurance - Gross Written Premium (YER Billion), 2010-2014
Table 29: Yemeni Property Insurance - Gross Written Premium (YER Billion), 2014-2019
Table 30: Yemeni Motor Insurance - Gross Written Premium (YER Billion), 2010-2014
Table 31: Yemeni Motor Insurance - Gross Written Premium (YER Billion), 2014-2019
Table 32: Yemeni Liability Insurance - Gross Written Premium (YER Million), 2010-2014
Table 33: Yemeni Liability Insurance - Gross Written Premium (YER Million), 2014-2019
Table 34: Yemeni Marine, Aviation and Transit Insurance - Gross Written Premium (YER Billion), 2010-2014
Table 35: Yemeni Marine, Aviation and Transit Insurance - Gross Written Premium (YER Billion), 2014-2019
Table 36: Yemeni Personal Accident and Health Insurance - Gross Written Premium by Category (YER Billion), 2010-2014
Table 37: Yemeni Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 38: Yemeni Personal Accident and Health Insurance - Gross Written Premium by Category (YER Billion), 2014-2019
Table 39: Yemeni Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 40: Yemeni Personal Accident and Health Insurance - Direct Written Premium by Category (YER Billion), 2010-2014
Table 41: Yemeni Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 42: Yemeni Personal Accident and Health Insurance - Direct Written Premium by Category (YER Billion), 2014-2019
Table 43: Yemeni Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 44: Yemeni Personal Accident and Health Insurance - Paid Claims (YER Billion), 2010-2014
Table 45: Yemeni Personal Accident and Health Insurance - Paid Claims (YER Billion), 2014-2019
Table 46: Yemeni Personal Accident and Health Insurance - Incurred Loss (YER Billion), 2010-2014
Table 47: Yemeni Personal Accident and Health Insurance - Incurred Loss (YER Billion), 2014-2019
Table 48: Yemeni Personal Accident Insurance - Gross Written Premium (YER Billion), 2010-2014
Table 49: Yemeni Personal Accident Insurance - Gross Written Premium (YER Billion), 2014-2019
Table 50: Yemeni Health Insurance - Gross Written Premium (YER Billion), 2010-2014
Table 51: Yemeni Health Insurance - Gross Written Premium (YER Billion), 2014-2019
Table 52: Yemen Average Annual Loss by Hazard
Table 53: Yemeni Insurance Market Share, 2013
Table 54: Yemeni Insurance Market Share (%), 2013
Table 55: United Insurance Company - Key Facts
Table 56: Medical Insurance Specialist - Key Facts
Table 57: Trust Yemen Insurance and Reinsurance Company - Key Facts
Table 58: CAC insurance Company - Key Facts
Table 59: Mareb Insurance Company - Key Facts
Table 60: Yemen - Insurance Regulatory Framework Key Features
Table 61: Yemen - Life Insurance Regulatory Framework
Table 62: Yemen - Property Insurance Regulatory Framework
Table 63: Yemen - Motor Insurance Regulatory Framework
Table 64: Yemen - Liability Insurance Regulatory Framework
Table 65: Yemen - Corporate Tax Rates for the Financial Year 2015
Table 66: Insurance Industry Definitions

List of Figures
Figure 1: Yemen - Real GDP (YER Trillion), 2010-2019
Figure 2: Yemen - Consumer Price Inflation, 2010-2019
Figure 3: Yemen - YER-US$ Exchange Rate, 2010-2019
Figure 4: Yemen - Unemployment Rate, 2010-2019
Figure 5: Yemen - Current Account Balance, 2010-2014
Figure 6: Yemen - Population by Age Group, 1994-2025
Figure 7: Yemen - Insurance Gross Written Premium by Segment (YER Billion), 2010-2019
Figure 8: Yemen - Insurance Gross Written Premium Market Dynamics by Segment, 2010-2019
Figure 9: Yemen - Insurance Direct Written Premium by Segment (YER Billion), 2010-2019
Figure 10: Yemen - Insurance Direct Written Premium Market Dynamics by Segment, 2010-2019
Figure 11: Yemeni Life Insurance - Paid Claims (YER Billion), 2010-2014
Figure 12: Yemeni Life Insurance - Paid Claims (YER Billion), 2014-2019
Figure 13: Yemeni Life Insurance - Incurred Loss (YER Billion), 2010-2014
Figure 14: Yemeni Life Insurance - Incurred Loss (YER Billion), 2014-2019
Figure 15: Yemeni Life Insurance - Insurance Penetration (%), 2010-2014
Figure 16: Yemen Life Insurance - Insurance Density (YER), 2010-2014
Figure 17: Yemeni Non-Life Insurance - Gross Written Premium by Category (YER Billion), 2010-2019
Figure 18: Yemeni Non-Life Insurance - Gross Written Premium by Category (%), 2014 and 2019
Figure 19: Yemeni Non-Life Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 20: Yemeni Non-Life Insurance - Direct Written Premium by Category (YER Billion), 2010-2019
Figure 21: Yemeni Non-Life Insurance - Direct Written Premium by Category (%), 2014 and 2019
Figure 22: Yemeni Non-Life Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 23: Yemeni Non-Life Insurance - Paid Claims (YER Billion), 2010-2014
Figure 24: Yemeni Non-Life Insurance - Paid Claims (YER Billion), 2014-2019
Figure 25: Yemeni Non-Life Insurance - Incurred Loss (YER Billion), 2010-2014
Figure 26: Yemeni Non-Life Insurance - Incurred Loss (YER Billion), 2014-2019
Figure 27: Yemeni Non-Life Insurance Penetration (%), 2010-2014
Figure 28: Yemeni Non-Life Insurance Density (YER), 2010-2014
Figure 29: Yemeni Property Insurance - Gross Written Premium (YER Billion), 2010-2014
Figure 30: Yemeni Property Insurance - Gross Written Premium (YER Billion), 2014-2019
Figure 31: Yemeni Motor Insurance - Gross Written Premium (YER Billion), 2010-2014
Figure 32: Yemeni Motor Insurance - Gross Written Premium (YER Billion), 2014-2019
Figure 33: Yemeni Liability Insurance - Gross Written Premium (YER Million), 2010-2014
Figure 34: Yemeni Liability Insurance - Gross Written Premium (YER Million), 2014-2019
Figure 35: Yemeni Marine, Aviation and Transit Insurance - Gross Written Premium (YER Billion), 2010-2014
Figure 36: Yemeni Marine, Aviation and Transit Insurance - Gross Written Premium (YER Billion), 2014-2019
Figure 37: Yemeni Personal Accident and Health Insurance - Gross Written Premium by Category (YER Billion), 2010-2019
Figure 38: Yemeni Personal Accident and Health Insurance - Gross Written Premium by Category (%), 2014 and 2019
Figure 39: Yemeni Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 40: Yemeni Personal Accident and Health Insurance - Direct Written Premium by Category (YER Billion), 2010-2019
Figure 41: Yemeni Personal Accident and Health Insurance - Direct Written Premium by Category (%), 2014 and 2019
Figure 42: Yemeni Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 43: Yemeni Personal Accident and Health Insurance - Paid Claims by Category (YER Billion), 2010-2014
Figure 44: Yemeni Personal Accident and Health Insurance - Paid Claims (YER Billion), 2014-2019
Figure 45: Yemeni Personal Accident and Health Insurance - Incurred Loss (YER Billion), 2010-2014
Figure 46: Yemeni Personal Accident and Health Insurance - Incurred Loss (YER Billion), 2014-2019
Figure 47: Yemeni Personal Accident and Health Insurance Penetration (%), 2010-2014
Figure 48: Yemeni Personal Accident and Health Insurance Density (YER), 2010-2014
Figure 49: Yemeni Personal Accident Insurance - Gross Written Premium (YER Billion), 2010-2014
Figure 50: Yemeni Personal Accident Insurance - Gross Written Premium (YER Billion), 2014-2019
Figure 51: Yemeni Health Insurance - Gross Written Premium (YER Billion), 2010-2014
Figure 52: Yemeni Health Insurance - Gross Written Premium (YER Billion), 2014-2019
Figure 53: Yemen Frequency of Hazards by Type, 1990-2014
Figure 54: Yemen Mortality of Hazards by Type, 1990-2014
Figure 55: Yemeni Insurance Market - Market Share (%), 2013
Figure 56: Yemen - Insurance Supervision and Control at Various Levels
Figure 57: Yemen - Insurance Regulatory Frameworks for Company Registration and Operation

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
UK Household Insurance: Market Dynamics and Opportunities

UK Household Insurance: Market Dynamics and Opportunities

  • $ 3450
  • Industry report
  • September 2016
  • by Verdict Financial

Summary Soft market conditions endure in a UK household insurance market with high levels of competition and capacity, and a continuing shift in customer buying habits. Despite this, the market continues ...

UK Employers’ Liability Insurance: Market Dynamics and Opportunities 2016

UK Employers’ Liability Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK employers' liability insurance market continues to be characterized by overcapacity and unprofitability. While underlying demand for employers' liability has steadily increased in recent ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.