Insurance in Saudi Arabia
Insurance in Saudi Arabia
Summary
Insurance in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, 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 Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, 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 Saudi Arabian insurance market is expected to generate total gross written premiums of $10.4bn in 2020, representing a compound annual growth rate (CAGR) of 1.4% between 2016 and 2020.
- The non-life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $10.1bn, equivalent to 97.7% of the market's overall value.
- One of the main drivers of insurance spending is consumer confidence.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Saudi Arabia
- 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 Saudi Arabia insurance market with five year forecasts by both value and volume
- What was the size of the Saudi Arabia insurance market by value in 2020?
- What will be the size of the Saudi Arabia insurance market in 2025?
- What factors are affecting the strength of competition in the Saudi Arabia insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Saudi Arabia's 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 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 the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How the COVID-19 outbreak has impacted the sector?
8 COMPANY PROFILES
8.1. The Company for Cooperative Insurance
8.2. Bupa Arabia for Cooperative Insurance Company
8.3. Al-Ahlia for Cooperative Insurance Company
8.4. The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C)
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 the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How the COVID-19 outbreak has impacted the sector?
8 COMPANY PROFILES
8.1. The Company for Cooperative Insurance
8.2. Bupa Arabia for Cooperative Insurance Company
8.3. Al-Ahlia for Cooperative Insurance Company
8.4. The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C)
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: Saudi Arabia insurance market value: $ billion, 2016-20(e)
Table 2: Saudi Arabia insurance market category segmentation: $ billion, 2020(e)
Table 3: Saudi Arabia insurance market geography segmentation: $ billion, 2020(e)
Table 4: Saudi Arabia insurance market value forecast: $ billion, 2020-25
Table 5: Saudi Arabia insurance market share: % share, by value, 2020(e)
Table 7: The Company for Cooperative Insurance: Key Employees
Table 9: Bupa Arabia for Cooperative Insurance Company: Key Employees
Table 11: Al-Ahlia for Cooperative Insurance Company: Key Employees
Table 13: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): Key Employees
Table 14: Saudi Arabia size of population (million), 2016-20
Table 15: Saudi Arabia gdp (constant 2005 prices, $ billion), 2016-20
Table 16: Saudi Arabia gdp (current prices, $ billion), 2016-20
Table 17: Saudi Arabia inflation, 2016-20
Table 18: Saudi Arabia consumer price index (absolute), 2016-20
Table 19: Saudi Arabia exchange rate, 2015-19
Table 1: Saudi Arabia insurance market value: $ billion, 2016-20(e)
Table 2: Saudi Arabia insurance market category segmentation: $ billion, 2020(e)
Table 3: Saudi Arabia insurance market geography segmentation: $ billion, 2020(e)
Table 4: Saudi Arabia insurance market value forecast: $ billion, 2020-25
Table 5: Saudi Arabia insurance market share: % share, by value, 2020(e)
Table 7: The Company for Cooperative Insurance: Key Employees
Table 9: Bupa Arabia for Cooperative Insurance Company: Key Employees
Table 11: Al-Ahlia for Cooperative Insurance Company: Key Employees
Table 13: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): Key Employees
Table 14: Saudi Arabia size of population (million), 2016-20
Table 15: Saudi Arabia gdp (constant 2005 prices, $ billion), 2016-20
Table 16: Saudi Arabia gdp (current prices, $ billion), 2016-20
Table 17: Saudi Arabia inflation, 2016-20
Table 18: Saudi Arabia consumer price index (absolute), 2016-20
Table 19: Saudi Arabia exchange rate, 2015-19
LIST OF FIGURES
Figure 1: Saudi Arabia insurance market value: $ billion, 2016-20(e)
Figure 2: Saudi Arabia insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Saudi Arabia insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Saudi Arabia insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in Saudi Arabia, 2020
Figure 6: Drivers of buyer power in the insurance market in Saudi Arabia, 2020
Figure 7: Drivers of supplier power in the insurance market in Saudi Arabia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Saudi Arabia, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Saudi Arabia, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Saudi Arabia, 2020
Figure 11: Saudi Arabia insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
The Company for Cooperative Insurance
Bupa Arabia for Cooperative Insurance Company
Al-Ahlia for Cooperative Insurance Company
The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C)
Figure 1: Saudi Arabia insurance market value: $ billion, 2016-20(e)
Figure 2: Saudi Arabia insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Saudi Arabia insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Saudi Arabia insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in Saudi Arabia, 2020
Figure 6: Drivers of buyer power in the insurance market in Saudi Arabia, 2020
Figure 7: Drivers of supplier power in the insurance market in Saudi Arabia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Saudi Arabia, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Saudi Arabia, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Saudi Arabia, 2020
Figure 11: Saudi Arabia insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
The Company for Cooperative Insurance
Bupa Arabia for Cooperative Insurance Company
Al-Ahlia for Cooperative Insurance Company
The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C)