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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Yemen non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Yemen's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the - non-life (P&C) market as well as trends by line of business. Axco analysts also report on Yemen's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Yemen insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Yemen, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Yemen, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Yemen with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The predominant factors affecting the insurance market are political and security concerns. Civil strife since 2011 has led to many bomb attacks and killings. Foreign investment is limited and some international aid was frozen in late 2014.
Oil and gas account for more than 85% of export earnings and 60% to 75% of government revenue. While oil reserves are declining rapidly, prospects for gas recovery ....
This is a brief extract of information; more updated information may be available in the latest published report.