MIDDLE EAST
257
“ People don ’ t buy insurance , it is sold . People preferably go for mandatory insurances . In the UAE , motor and health insurance is mandatory ,” explains Srivastav .
“ When looking at other parts of insurance , we need to have the data to understand what both corporate and individual customers are looking at and what products are helpful to them to protect themselves . From fire insurance , home insurance , travel insurance and shop insurance , everything under the sun can be insured .”
LONG-TERM EVOLUTION As the insurance industry continues to mature , competition amongst providers remains fierce . Technology giants such as Google
www
. gigabitmagazine . com