Research and Markets: The Insurance Industry in Yemen, Key Trends and Opportunities to 2016

Business Wire


Research and Markets ( has announced the addition of the "The Insurance Industry in Yemen, Key Trends and Opportunities to 2016" report to their offering.

The size of the Yemeni insurance industry is relatively small compared to neighboring MENA countries. Over 89% of the country's inhabitants do not possess any kind of insurance, despite the existence of insurance services in the country for several decades. The main reasons for this low penetration are low awareness of insurance products and the extreme political and economic conditions in the country. Demand for conventional insurance policies is expected to increase substantially over the forecast period. This will be driven by the low insurance penetration level and by the government's initiative to encourage overseas investors by opening up the economy. Yemen is expected to gain membership to the World Trade Organization (WTO) and the Gulf Cooperation Council (GCC), which is likely to attract foreign inward investments in Yemen.

The report provides in depth market analysis, information and insights into the insurance industry in Yemen, including:

- The Yemeni insurance industry's growth prospects by insurance segments and categories

- The competitive landscape in the Yemen insurance industry

- The current trends and drivers of the Yemen insurance industry

- The challenges facing the Yemen insurance industry

- The regulatory framework of the Yemen insurance industry

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Yemeni Insurance Industry Overview

4 Legislation, Supervision and Control

5 Non-Admitted Insurance Regulatory

6 Company Registration and Operations

6.1 Types of Insurance Organization

6.2 Establishing a Local Company

6.3 Foreign Ownership

6.4 Types of License

6.5 Capital Requirements

6.6 Reserve Requirements

6.7 Investment Regulations

7 Taxation

7.1 Insurance Premium or Policy Taxation

7.2 Corporate Tax

7.3 VAT

7.4 Captives

8 Legal System

8.1 Introduction

8.2 Access to Court

8.3 Alternative Dispute Resolution (ADR)

9 Industry Segmentation

10 Reinsurance Market Size by Type of Insurance, 2007-2016

11 Competitive Landscape

11.1 Overview

11.2 Leading Companies

12 Macroeconomic Indicators

13 Appendix

Companies Mentioned

  • Al-Watania Insurance Company
  • Mareb Insurance Company
  • Trust Yemen Insurance and Reinsurance
  • United Insurance
  • Yemen Insurance Company

For more information visit

Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance
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