Insurance in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: 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 had total gross written premiums of $10.4bn in 2020, representing a compound annual growth rate (CAGR) of 1.3% between 2016 and 2020.
- The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $10.1bn, equivalent to 97.1% of the market's overall value.
- Despite increasing slightly in recent years, insurance penetration in Saudi Arabia remains relatively low. However, the Saudi Arabian government plans to strengthen the country’s economic development in the coming years as part of its Saudi Vision 2030 program, which should have positive consequences for a range of financial service sectors, including insurance.
Scope
- 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
Reasons to Buy
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- How has the market performed over the last five years?
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Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bupa Arabia for Cooperative Insurance Company
- The Company for Cooperative Insurance
- The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 42 |
| Published | November 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 10.35 Billion |
| Forecasted Market Value ( USD | $ 11.93 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Saudi Arabia |
