Middle East Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Middle East Life Insurance Market @Summary, Competitive Analysis and Forecast to 2027
SUMMARY
Life Insurance in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Life Insurance in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Middle East life insurance market had total gross written premiums of $16.49 billion in 2022, representing a compound annual growth rate (CAGR) of 3.3% between 2017 and 2022.
- The life insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $13.6 billion, equivalent to 82.8% of the market's overall value.
- The Middle East economy grew by 5.5% in 2022. Total disposable income in the Middle East and Africa is set to almost double by 2040, driven by economic diversification efforts within oil-dependent countries, as well as rising agricultural productivity and a shift towards higher-value-added sectors in sub-Saharan Africa.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in Middle East
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Middle East
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East life insurance market with five year forecasts
- What was the size of the Middle East life insurance market by value in 2022?
- What will be the size of the Middle East life insurance market in 2027?
- What factors are affecting the strength of competition in the Middle East life insurance market?
- How has the market performed over the last five years?
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. Which was the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Clal Insurance Enterprises Holdings Ltd
8.2. Harel Insurance Investments and Financial Services Ltd
8.3. Migdal Insurance Co Ltd
8.4. The Phoenix Insurance Company Ltd.
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. Which was the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Clal Insurance Enterprises Holdings Ltd
8.2. Harel Insurance Investments and Financial Services Ltd
8.3. Migdal Insurance Co Ltd
8.4. The Phoenix Insurance Company Ltd.
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 life insurance market value: $ billion, 2017-22(e)
Table 2: Middle East life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Middle East life insurance market category segmentation: $ billion, 2017-2022
Table 4: Middle East life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Middle East life insurance market value forecast: $ billion, 2022-27
Table 6: Middle East life insurance market share: % share, by value, 2022(e)
Table 7: Clal Insurance Enterprises Holdings Ltd: key facts
Table 8: Clal Insurance Enterprises Holdings Ltd: Annual Financial Ratios
Table 9: Clal Insurance Enterprises Holdings Ltd: Key Employees
Table 10: Clal Insurance Enterprises Holdings Ltd: Key Employees Continued
Table 11: Harel Insurance Investments and Financial Services Ltd: key facts
Table 12: Harel Insurance Investments and Financial Services Ltd: Annual Financial Ratios
Table 13: Harel Insurance Investments and Financial Services Ltd: Key Employees
Table 14: Migdal Insurance Co Ltd: key facts
Table 15: The Phoenix Insurance Company Ltd.: key facts
Table 16: Middle East size of population (million), 2018–22
Table 17: Middle East gdp (constant 2005 prices, $ billion), 2018–22
Table 18: Middle East gdp (current prices, $ billion), 2018–22
Table 19: Middle East inflation, 2018–22
Table 20: Middle East consumer price index (absolute), 2018–22
Table 21: Middle East exchange rate, 2016–20
Table 1: Middle East life insurance market value: $ billion, 2017-22(e)
Table 2: Middle East life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Middle East life insurance market category segmentation: $ billion, 2017-2022
Table 4: Middle East life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Middle East life insurance market value forecast: $ billion, 2022-27
Table 6: Middle East life insurance market share: % share, by value, 2022(e)
Table 7: Clal Insurance Enterprises Holdings Ltd: key facts
Table 8: Clal Insurance Enterprises Holdings Ltd: Annual Financial Ratios
Table 9: Clal Insurance Enterprises Holdings Ltd: Key Employees
Table 10: Clal Insurance Enterprises Holdings Ltd: Key Employees Continued
Table 11: Harel Insurance Investments and Financial Services Ltd: key facts
Table 12: Harel Insurance Investments and Financial Services Ltd: Annual Financial Ratios
Table 13: Harel Insurance Investments and Financial Services Ltd: Key Employees
Table 14: Migdal Insurance Co Ltd: key facts
Table 15: The Phoenix Insurance Company Ltd.: key facts
Table 16: Middle East size of population (million), 2018–22
Table 17: Middle East gdp (constant 2005 prices, $ billion), 2018–22
Table 18: Middle East gdp (current prices, $ billion), 2018–22
Table 19: Middle East inflation, 2018–22
Table 20: Middle East consumer price index (absolute), 2018–22
Table 21: Middle East exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Middle East life insurance market value: $ billion, 2017-22(e)
Figure 2: Middle East life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Middle East life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Middle East life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in the Middle East, 2022
Figure 6: Drivers of buyer power in the life insurance market in the Middle East, 2022
Figure 7: Drivers of supplier power in the life insurance market in the Middle East, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the Middle East, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the Middle East, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in the Middle East, 2022
Figure 11: Middle East life insurance market share: % share, by value, 2022(e)
Figure 1: Middle East life insurance market value: $ billion, 2017-22(e)
Figure 2: Middle East life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Middle East life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Middle East life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in the Middle East, 2022
Figure 6: Drivers of buyer power in the life insurance market in the Middle East, 2022
Figure 7: Drivers of supplier power in the life insurance market in the Middle East, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the Middle East, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the Middle East, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in the Middle East, 2022
Figure 11: Middle East life insurance market share: % share, by value, 2022(e)
