Insurance in United Arab Emirates

December 2020 | 39 pages | ID: I8BB3582C2BEN
MarketLine

Abstracts

Insurance in United Arab Emirates

Summary

Insurance in United Arab Emirates 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 Emirati insurance market is expected to generate total gross written premiums of $12.4bn in 2020, representing a compound annual growth rate (CAGR) of 3.4% 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 $9.9bn, equivalent to 79.6% of the market's overall value.
• One of the main drivers of insurance spending is consumer confidence.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in United Arab Emirates
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in United Arab Emirates
• 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 United Arab Emirates insurance market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the United Arab Emirates insurance market by value in 2020?
• What will be the size of the United Arab Emirates insurance market in 2025?
• What factors are affecting the strength of competition in the United Arab Emirates insurance market?
• How has the market performed over the last five years?
• Who are the top competitiors in United Arab Emirates's insurance market?

Contents

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. How the COVID-19 outbreak has impacted the sector?

8 COMPANY PROFILES

8.1. Oman Insurance Co
8.2. Orient Insurance Company PJSC
8.3. Al Ain Ahlia Insurance Company PSC
8.4. Abu Dhabi 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

LIST OF TABLES

Table 1: United Arab Emirates insurance market value: $ billion, 2016-20(e)
Table 2: United Arab Emirates insurance market category segmentation: $ billion, 2020(e)
Table 3: United Arab Emirates insurance market geography segmentation: $ billion, 2020(e)
Table 4: United Arab Emirates insurance market value forecast: $ billion, 2020-25
Table 5: United Arab Emirates insurance market share: % share, by value, 2020(e)
Table 7: Oman Insurance Co: Key Employees
Table 9: Orient Insurance Company PJSC: Key Employees
Table 11: Al Ain Ahlia Insurance Company PSC: Key Employees
Table 13: Abu Dhabi National Insurance Company PSC: Key Employees
Table 14: United Arab Emirates size of population (million), 2016-20
Table 15: United Arab Emirates gdp (constant 2005 prices, $ billion), 2016-20
Table 16: United Arab Emirates gdp (current prices, $ billion), 2016-20
Table 17: United Arab Emirates inflation, 2016-20
Table 18: United Arab Emirates consumer price index (absolute), 2016-20
Table 19: United Arab Emirates exchange rate, 2015-19

List Of Figures

LIST OF FIGURES

Figure 1: United Arab Emirates insurance market value: $ billion, 2016-20(e)
Figure 2: United Arab Emirates insurance market category segmentation: % share, by value, 2020(e)
Figure 3: United Arab Emirates insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: United Arab Emirates insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in United Arab Emirates, 2020
Figure 6: Drivers of buyer power in the insurance market in United Arab Emirates, 2020
Figure 7: Drivers of supplier power in the insurance market in United Arab Emirates, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in United Arab Emirates, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in United Arab Emirates, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in United Arab Emirates, 2020
Figure 11: United Arab Emirates insurance market share: % share, by value, 2020(e)

COMPANIES MENTIONED

Oman Insurance Co
Orient Insurance Company PJSC
Al Ain Ahlia Insurance Company PSC
Abu Dhabi National Insurance Company PSC