Insurance Companies In The Middle East

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The trend of having an insurance which was not a norm in the Middle Eastern culture is now changing and now more and more people are getting insured compared to a few years back. Islam has no concept of insurance and this is why the local Arabs initially did not show any interest in having any sort of insurance but with increasing business community, emerging economies, and rising number of immigrants, tourists, and visitors from all parts of the world have contributed a great deal in getting the locals familiar with the benefits of having a insurance policy.

This is what encouraged the insurance companies from all over the world to have some sort of presence in the Middle East and to provide reliable and quality insurance to the consumers in the Middle East. And it is since last few years that insurance companies in the Middle East have started making their presence felt in the region by bringing some exclusive insurance packages and plans to attract the consumers and to fulfill their insurance requirements accordingly.

Term life insurance and travel insurance are among the most popular sort of insurances people are interested in the Middle East. Becoming one of the main reasons why companies pay special emphasis on term life insurance and travel insurance in the Middle East.

Middle East is a well known tourist destination for people from all over the world and since the number of people visiting different countries in the Middle East is increasing every year the demand of insurance is also increasing. Most of the people like to get insured while traveling to cover any mishap during the tour, like any medical emergency, or any problem with the luggage or the flight as insurance for traveling covers almost all such aspects while traveling.

Also the trend of having a life insurance package or plan is also increasing as people are getting more and more aware of the benefits of insurance in their life and because most of the companies are offering exclusive life insurance packages and plans that are not only attractive but also effective.

Sharjah is one of the seven emirates of the United Arab Emirates and is another emerging economy of the Middle East with reasonably progressing real estate sector and a performing banking and insurance sector. The Sharjah insurance sector has matured quiet a bit and is offering some excellent packages and plans to the consumer base in the Sharjah.

The Sharjah insurance industry offers different type of insurance services to its consumers and offers quiet a few choices to its prospect buyers. These various types of insurance plans include life insurance, travel insurance, auto insurance, property insurance and fire insurance to cover all the different aspects of the daily life, and to make sure that the consumer get all the sorts of insurances that he require to serve his purpose. This is the main reason why the insurance industry in Sharjah is considered to be a step ahead of the rest of the insurance industry in the Middle Eastern region and with the increase in the number of tourist and visitors every year the industry is forecasted to grow further more.

Author Bio
Andy Robert is a reputed medical insurance companies agent, and has been working in the local life insurance in dubai and sharjah insurance business for the last three years. He has worked as a consultant with a number of reputed financial institutions, and is currently residing in Abu Dhabi.

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