The GCC insurance industry is catching up with the global trend and has witnessed a CAGR quite higher than Global insurance industry between the period 2006 to 2012. The GCC insurance industry is poised for growth due to the rising income levels, high amount of expatriate population and the increasing awareness among the population about the benefits of insurance. Furthermore, the Government's policies mandating insurance in some sectors and the growing demand for Islamic insurance is adding to the growth.