The Middle East insurance market is expected to grow at around 25 per cent a year between this year and 2013, according to a report by ResearchAndMarkets.com.

The report covers GCC nations and the insurance industry of Turkey, Iran, Israel and Jordan.

'Although in comparison to other parts of the world, this market is relatively small, the scope for further expansion is huge,' the report states.

'High growth is mainly due to the highly untapped market, rising awareness level, health consciousness and initiatives taken by governments of various countries in the region.'

The report details the market size of all these countries and states that Israel was the largest market in the region for insurance premium, followed by Turkey and the UAE.

Saudi Arabia will witness the highest growth in the market at around 36 per cent, followed by Bahrain and the UAE.

It provides extensive research and in-depth analysis of the insurance sector in the Middle East.

It will help clients to analyse the leading-edge opportunities critical to the success of the insurance industry in the region.

Detailed data and analysis will help clients to navigate through the evolving insurance markets in the region.-TradeArabia News Service