Saudi Arabia Insurance Report Q1 2016

Date: December 30, 2015
Pages: 60
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: Key Updates and Forecasts
  • With 96.8% market share for non-life insurance and merely 3.2% for life insurance in 2016, there exists an exceptional difference between the two major segments. Nonetheless, both segments are underdeveloped by most standards. With per-capita premiums of USD9.5 and USD287 in life and nonlife insurance respectively, the sector (especially life) does not provide particularly strong investment opportunities. However, this does not imply a complete absence of opportunities. Both major segments are expected to grow steadily over the next years.
  • Life insurance proves particularly difficult to sell to the Saudi population as it is habituated to generous social security and suspicious of financial products that potentially violate Islamic curbs on interest and speculation. Accordingly, life premiums growth hinges especially on the growth of the local expatriate workforce. Overall, we anticipate very low single-digit growth rates over the coming years.
BMI Industry View
    Table: Headline Insurance Forecasts (Saudi Arabia 2012-2019)
Industry Forecast
Life Premiums Forecast
    Table: Life Premiums (Saudi Arabia 2012-2019)
    Table: Life Insurance Claims (Saudi Arabia 2007-2014)
Non-Life Premiums Forecast
    Table: Non-Life Premiums (Saudi Arabia 2012-2019)
    Table: Non-Life Insurance Claims (Saudi Arabia 2008-2014)
Non-Life Sub-sector Forecast
    Table: Non-Life Insurance Premiums by Product Line (Saudi Arabia 2012-2019)
Insurance Risk/Reward Index
MENA Insurance Risk/Reward Index
    Table: MENA Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Non-Life Market Overview
The Product Offering
The Competitive Landscape
    Table: Non-Life Insurance Market (USDmn), 2007-2012
    Table: Non-Life Insurance Market (%), 2007-2012
Company Profile
Arabia Insurance s.a.l.
Gulf Insurance Group (GIG)
Islamic Arab Insurance Company (Salama)
Saudi National Insurance Company
Industry Forecast Methodology
Risk/Reward Index Methodology
    Table: Indicators
    Table: Weighting of Indicators
Skip to top

Saudi Arabia Insurance Market Analysis US$ 1,000.00 Jan, 2012 · 70 pages
Saudi Arabia Insurance Report Q4 2015 US$ 1,295.00 Sep, 2015 · 76 pages
Saudi Arabia Insurance Market to 2012 US$ 800.00 Aug, 2010 · 50 pages
Insurance in Saudi Arabia US$ 350.00 Jan, 2016 · 38 pages

Ask Your Question

Saudi Arabia Insurance Report Q1 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: