Insurance in Middle East - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in Middle East - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Insurance in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Insurance in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Middle Eastern insurance market had total gross written premiums of $44.0bn in 2020, representing a compound annual growth rate (CAGR) of 3.2% between 2016 and 2020.
- The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $29.8bn, equivalent to 67.8% of the market's overall value.
- The COVID-19 pandemic has had a significant impact on the Middle Eastern insurance market. Cuts to interest rates and a reduction in demand for certain types of insurance, such as motor and travel, have constrained insurance companies’ profits and pushed the market into decline in 2020.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Middle East
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Middle East
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East insurance market with five year forecasts by both value and volume
- What was the size of the Middle East automotive manufacturing market by value in 2020?
- What will be the size of the Middle East automotive manufacturing market in 2025?
- What factors are affecting the strength of competition in the Middle East automotive manufacturing market?
- How has the market performed over the last five years?
- Who are the top competitors in Middle East's automotive manufacturing market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. How are leading players incorporating new technology into their business strategies?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Harel Insurance Investments and Financial Services Ltd
8.2. The Phoenix Holdings Ltd
8.3. Bupa Arabia for Cooperative Insurance Company
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. How are leading players incorporating new technology into their business strategies?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Harel Insurance Investments and Financial Services Ltd
8.2. The Phoenix Holdings Ltd
8.3. Bupa Arabia for Cooperative Insurance Company
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Middle East insurance market value: $ billion, 2016–20
Table 2: Middle East insurance market category segmentation: $ billion, 2020
Table 3: Middle East insurance market geography segmentation: $ billion, 2020
Table 4: Middle East insurance market value forecast: $ billion, 2020–25
Table 5: Middle East insurance market share: % share, by value, 2020
Table 6: Harel Insurance Investments and Financial Services Ltd: key facts
Table 7: Harel Insurance Investments and Financial Services Ltd: Annual Financial Ratios
Table 8: Harel Insurance Investments and Financial Services Ltd: Key Employees
Table 9: The Phoenix Holdings Ltd: key facts
Table 10: The Phoenix Holdings Ltd: Annual Financial Ratios
Table 11: The Phoenix Holdings Ltd: Key Employees
Table 12: The Phoenix Holdings Ltd: Key Employees Continued
Table 13: Bupa Arabia for Cooperative Insurance Company: key facts
Table 14: Bupa Arabia for Cooperative Insurance Company: Annual Financial Ratios
Table 15: Bupa Arabia for Cooperative Insurance Company: Key Employees
Table 16: Middle East size of population (million), 2016–20
Table 17: Middle East gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Middle East gdp (current prices, $ billion), 2016–20
Table 19: Middle East inflation, 2016–20
Table 20: Middle East consumer price index (absolute), 2016–20
Table 21: Middle East exchange rate, 2016–20
Table 1: Middle East insurance market value: $ billion, 2016–20
Table 2: Middle East insurance market category segmentation: $ billion, 2020
Table 3: Middle East insurance market geography segmentation: $ billion, 2020
Table 4: Middle East insurance market value forecast: $ billion, 2020–25
Table 5: Middle East insurance market share: % share, by value, 2020
Table 6: Harel Insurance Investments and Financial Services Ltd: key facts
Table 7: Harel Insurance Investments and Financial Services Ltd: Annual Financial Ratios
Table 8: Harel Insurance Investments and Financial Services Ltd: Key Employees
Table 9: The Phoenix Holdings Ltd: key facts
Table 10: The Phoenix Holdings Ltd: Annual Financial Ratios
Table 11: The Phoenix Holdings Ltd: Key Employees
Table 12: The Phoenix Holdings Ltd: Key Employees Continued
Table 13: Bupa Arabia for Cooperative Insurance Company: key facts
Table 14: Bupa Arabia for Cooperative Insurance Company: Annual Financial Ratios
Table 15: Bupa Arabia for Cooperative Insurance Company: Key Employees
Table 16: Middle East size of population (million), 2016–20
Table 17: Middle East gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Middle East gdp (current prices, $ billion), 2016–20
Table 19: Middle East inflation, 2016–20
Table 20: Middle East consumer price index (absolute), 2016–20
Table 21: Middle East exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Middle East insurance market value: $ billion, 2016–20
Figure 2: Middle East insurance market category segmentation: % share, by value, 2020
Figure 3: Middle East insurance market geography segmentation: % share, by value, 2020
Figure 4: Middle East insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in the Middle East, 2020
Figure 6: Drivers of buyer power in the insurance market in the Middle East, 2020
Figure 7: Drivers of supplier power in the insurance market in the Middle East, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the Middle East, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in the Middle East, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in the Middle East, 2020
Figure 11: Middle East insurance market share: % share, by value, 2020
Figure 1: Middle East insurance market value: $ billion, 2016–20
Figure 2: Middle East insurance market category segmentation: % share, by value, 2020
Figure 3: Middle East insurance market geography segmentation: % share, by value, 2020
Figure 4: Middle East insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in the Middle East, 2020
Figure 6: Drivers of buyer power in the insurance market in the Middle East, 2020
Figure 7: Drivers of supplier power in the insurance market in the Middle East, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the Middle East, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in the Middle East, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in the Middle East, 2020
Figure 11: Middle East insurance market share: % share, by value, 2020
