Computers Tablets and Components

Q

"When truth is hurled against falsehood, falsehood perishes, for falsehood by its nature is bound to perish". Ch. 21, V.18, Holy Quran.***shujaathahmed@yahoo.co.in***

Free posting for Jobs available and Jobs wanted

Find the jobs you need and post your job requirements for free on the New Blog Pages -*** Jobsavailable ***Jobs wanted ***Send your job requirements/need brief to creativeassociatesho@gmail.com

GA

General Awareness for All | Cultural Shock | Islamic Banking | Professionalism | Fake Degree | Bubbling Controversy | Motor Insurance in Saudi Arabia | Surge in Medical Insurance | Type of Insurance Policies | Job Oriented Training | Knee Jerk Reaction | Swing Flu Scare | Fire Safety | Umra and Uglly virus H1N1 | Collaborative Culture | Fire Prevention | Afghanistan towards credible Democracy | Insurance of Construction and Erection | Hyderabadi Ramadan in Saudi Arabia | Solar Energy | Job Oriented Training | Elusive Charity | Victims of recession | Nigeria Violence | War Hysteria | Police Clearance | Medical Malpractice Insurance | Corporate Governance | Jinn in my Office | Insurance Industry | World in Turmoil | Benefits of honey | Chinese writeup | Hindi writeup | Urdu writeup | Arabic writeup | Non-Financial Risk Management for Bank Managers | First Saudi Insurance Symposium | Insurance Companies and Links | My visit ot Eastern Province | Beware of Terrorism | Some Lotteries and Offers | World Cup Cricket - Semi final | IFCE course Willis Dammam | Congratulations to India for winning | Insurance Industry in India | Excess and or Deductible | Punishment in school against motion | Burqa Ban in France - Debate | Insurance Foundation Certificate Test 3 | Insurance Foundation Certificate Test 2 | Insurance Foundation Certificate Test 1 | Nostalgic Moments | Meeting Photographs -Royal and SunAlliance | Jeddah visit | Heavy Weights and Contributors | Training at Institute of Banking | General Insurance Companies in India | List of hopsital in Saudi Arabia | List of Insurance Companies in Saudi Arabia | Training at Carltorn Hotel | Non-Financial Risk Management for Bank Managers -2011 | IFCE course Jeddah | Indian Passport pressing Question

Books

CA

Creative Associates | Trainee Surveyors enrollment list April 2012 to September 15, 2012 (For full version visit IRDA site) | SOME OF THE LOTTERIES AND OFFERS – IS THIS FRAUD OR PHISHING OR SOMETHING ELSE - Part 1 | List, of, Insurance, and, Reinsurance, Companies, and, Services, Providers, 12/08/1432, H –, 13/07/2011, | MPHIL/PHD Entrance Exam Jan-2013 Cycle - IGNOU | Time to understand Muslims | Site Map | Saher Traffic Violations | Government Universities in KSA | Motor Insurance Photograph | Blog-posts | First Saudi Insurance Symposium | Speakers | Agenda | List of Insurance and Reinsurance Companies | Islamic Banking | Insurance Industry | Medical Insurance | Callous Attitude | Global Warming | Fire Safety | Technical Insurance and Types | Saudi Arabian Monetary Agency Release | 3rd Saudi Insurance Summit | 3rd Saudi Insurance Summit | Questions on Career | Insurance Co-ordinator role | Insurance types in Saudi Arabia | Interview with Insurance expert | SAMA licences Saudi Re | ARIG - 2nd Quarter performance | Questions on Medical Insurance | Viewers Response | Medical Insurance in Saudi Arabia | Saudi Arabian Insurance Brief March-23 | Saudi Arabian Insurance Brief March | AON opens new middle east HQ | ARIG - posts net profit | Saudi Arabia licences MARSH | Royal and SunAlliance changes its name | Employment Opportunities | Regulation of Insurance | Property Damage | Master Information | Pre existing is key to Medical Insurance | Does Medical Insurance cover Traffic accident | Manpower Recruitment | Insurance Industry expertise Jobs | Medical Insurance in Saudi Arabia | Summary of Indian Union General Budget | Motor Insurance in Saudi Arabia | Insurance of Construction and Erection | Impending IPO's | Insurance Directory | Insurance providers in Saudi Arabia | Banks in Saudi Arabia | Insurance in Saudi Arabia | Booming GCC Insurance Market | Insurance Q & A | Medical Insurance | Eroding Income of Expat Indians | Insurance Database | Professional Insurance education | CCHI wording | Indian Insurance update | List of some of Medical facilities

Wednesday, January 16, 2008

Insurance in Saudi Arabia and booming Saudi Arabian, GCC Insurance Markets

By Shujaath Ahmed Khan
The increase in oil prices with the price crossing the magic figure of US $ 100 coupled with increase in the population of the Saudi Arabia and GCC has contributed to the growth in the business activity. Lots of contruction activity is taking place throughout the Gulf countries, which has contributed to growth in Insurance premiums. The compulsory Medical and Motor insurances has also fuelled the increase in the volume of premiums. Today we find that Insurance Industry is gearing into cope with the flooding business enquiries and some are entering into new forays.

The compulsory Medical Insurance in Saudi Arabia is in second phase and expected the enter any time into third phase. Currently it is essential that an insurance company uploads the Website with the member's list inorder to process Iqama renewal and any amendments to Iqama. Whereas Motor certificates are being insisted during registration of Motor vehicles and at the time of transfer of vehicles.

Registration of the Companies is still in progress and the companies not registered in the Kingdom of Saudi Arabia will have to stop dealing in insurance activity. New companies which have registered with huge capital base are now finding it difficult to get the business. There is a reduction in Medical premium and companies are trying to enter into Personal Lines Segment. This will further soften the market. The more competition will give rise to low premium rates and reduction in profit margins. CCHI is expected to take hard action on defaulting companies. Customers are still working hard to get the right deals for the money spent.