Non-Life Insurance in United Arab Emirates
Non-Life Insurance in United Arab Emirates
Summary
Non-Life Insurance in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Non-Life Insurance in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
- The Emirati non-life insurance market recorded written premiums of $9.7 billion in 2023, representing a compound annual growth rate (CAGR) of 4.8% between 2018 and 2023.
- The property segment accounted for the market's largest proportion in 2023, with total written premiums of $1.5 billion, equivalent to 15.9% of the market's overall value.
- According to GlobalData, in 2023, the UAE held a market share of 23.6% of the Middle East non-life insurance market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in United Arab Emirates
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in United Arab Emirates
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Arab Emirates non-life insurance market with five year forecasts by both value and volume
- What was the size of the United Arab Emirates non-life insurance market by value in 2023?
- What will be the size of the United Arab Emirates non-life insurance market in 2028?
- What factors are affecting the strength of competition in the United Arab Emirates non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in United Arab Emirates' non-life insurance market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the recent developments in the market?
8 COMPANY PROFILES
8.1. Sukoon Insurance PJSC
8.2. Dubai Insurance Company (PSC)
8.3. Watania International Holding PJSC
8.4. Al-Sagr National Insurance Company PSC
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 rivalry
1.6. 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. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the recent developments in the market?
8 COMPANY PROFILES
8.1. Sukoon Insurance PJSC
8.2. Dubai Insurance Company (PSC)
8.3. Watania International Holding PJSC
8.4. Al-Sagr National Insurance Company PSC
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: United Arab Emirates non-life insurance market value: $ billion, 2018-23
Table 2: United Arab Emirates non-life insurance market category segmentation: % share, by value, 2018-23
Table 3: United Arab Emirates non-life insurance market category segmentation: $ billion, 2018-23
Table 4: United Arab Emirates non-life insurance market geography segmentation: $ billion, 2023
Table 5: United Arab Emirates non-life insurance market value forecast: $ billion, 2023-28
Table 6: Sukoon Insurance PJSC: Key Facts
Table 7: Sukoon Insurance PJSC: Annual Financial Ratios
Table 8: Sukoon Insurance PJSC: Key Employees
Table 9: Dubai Insurance Company (PSC): Key Facts
Table 10: Dubai Insurance Company (PSC): Annual Financial Ratios
Table 11: Dubai Insurance Company (PSC): Key Employees
Table 12: Watania International Holding PJSC: Key Facts
Table 13: Watania International Holding PJSC: Annual Financial Ratios
Table 14: Watania International Holding PJSC: Key Employees
Table 15: Al-Sagr National Insurance Company PSC: Key Facts
Table 16: Al-Sagr National Insurance Company PSC: Annual Financial Ratios
Table 17: Al-Sagr National Insurance Company PSC: Key Employees
Table 18: United Arab Emirates Size of Population (million), 2019-23
Table 19: United Arab Emirates Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 20: United Arab Emirates GDP (Current Prices, $ Billion), 2019-23
Table 21: United Arab Emirates Inflation, 2019-23
Table 22: United Arab Emirates Consumer Price Index (Absolute), 2019-23
Table 23: United Arab Emirates Exchange Rate, 2018-23
Table 1: United Arab Emirates non-life insurance market value: $ billion, 2018-23
Table 2: United Arab Emirates non-life insurance market category segmentation: % share, by value, 2018-23
Table 3: United Arab Emirates non-life insurance market category segmentation: $ billion, 2018-23
Table 4: United Arab Emirates non-life insurance market geography segmentation: $ billion, 2023
Table 5: United Arab Emirates non-life insurance market value forecast: $ billion, 2023-28
Table 6: Sukoon Insurance PJSC: Key Facts
Table 7: Sukoon Insurance PJSC: Annual Financial Ratios
Table 8: Sukoon Insurance PJSC: Key Employees
Table 9: Dubai Insurance Company (PSC): Key Facts
Table 10: Dubai Insurance Company (PSC): Annual Financial Ratios
Table 11: Dubai Insurance Company (PSC): Key Employees
Table 12: Watania International Holding PJSC: Key Facts
Table 13: Watania International Holding PJSC: Annual Financial Ratios
Table 14: Watania International Holding PJSC: Key Employees
Table 15: Al-Sagr National Insurance Company PSC: Key Facts
Table 16: Al-Sagr National Insurance Company PSC: Annual Financial Ratios
Table 17: Al-Sagr National Insurance Company PSC: Key Employees
Table 18: United Arab Emirates Size of Population (million), 2019-23
Table 19: United Arab Emirates Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 20: United Arab Emirates GDP (Current Prices, $ Billion), 2019-23
Table 21: United Arab Emirates Inflation, 2019-23
Table 22: United Arab Emirates Consumer Price Index (Absolute), 2019-23
Table 23: United Arab Emirates Exchange Rate, 2018-23
LIST OF FIGURES
Figure 1: United Arab Emirates non-life insurance market value: $ billion, 2018-23
Figure 2: United Arab Emirates non-life insurance market category segmentation: $ billion, 2018-23
Figure 3: United Arab Emirates non-life insurance market geography segmentation: % share, by value, 2023
Figure 4: United Arab Emirates non-life insurance market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the non-life insurance market in United Arab Emirates, 2023
Figure 6: Drivers of buyer power in the non-life insurance market in United Arab Emirates, 2023
Figure 7: Drivers of supplier power in the non-life insurance market in United Arab Emirates, 2023
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in United Arab Emirates, 2023
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in United Arab Emirates, 2023
Figure 10: Drivers of degree of rivalry in the non-life insurance market in United Arab Emirates, 2023
Figure 1: United Arab Emirates non-life insurance market value: $ billion, 2018-23
Figure 2: United Arab Emirates non-life insurance market category segmentation: $ billion, 2018-23
Figure 3: United Arab Emirates non-life insurance market geography segmentation: % share, by value, 2023
Figure 4: United Arab Emirates non-life insurance market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the non-life insurance market in United Arab Emirates, 2023
Figure 6: Drivers of buyer power in the non-life insurance market in United Arab Emirates, 2023
Figure 7: Drivers of supplier power in the non-life insurance market in United Arab Emirates, 2023
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in United Arab Emirates, 2023
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in United Arab Emirates, 2023
Figure 10: Drivers of degree of rivalry in the non-life insurance market in United Arab Emirates, 2023
