GCC Takaful Market: Market Size, Forecast, Insights, and Competitive Landscape

The GCC takaful market is expected to grow at a CAGR of around 11.6% during 2023-2030. This report on GCC takaful market provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the GCC takaful by categorising the market based on various segments including detailed regional segmentation. Also, detailed profiles of companies operating in the GCC takaful market are provided in this report, which includes company description, business overview, product portfolio, and financial details.

This report provides an in-depth analysis of overall market and its segments. The historic numbers and forecasts are provided for each of the segments and for the countries covered in the report. This report also includes a detailed impact of COVID-19 pandemic on the GCC takaful market.

Apart from the quantitative analysis, the report also provides qualitative analysis, including SWOT analysis, porter’s five forces, and value chain of the industry. It also includes descriptive market drivers, opportunities, on-going & future trends, and challenges.

We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Historical & Forecast Period

Base Year: 2022
Historical Period: 2018-2022
Forecast Period: 2023-2030

Market by Insurance Type:

Family Takaful
General Takaful

Market by Distribution Channel:

Offline Channel
Online Channel

Market by Application:

Personal
Commercial

Market by Countries:

Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE

Key Highlights of Report

Overview of the GCC takaful market.
Analysis of market trends, historical data, market estimates for the base year, and projections of compound annual growth rates (CAGRs) through the forecast period
Profiles of the key companies
SWOT analysis, Porter’s five forces, and value chain analysis of GCC takaful

Key Questions Answered in the Report

What will be the GCC takaful market size and the growth rate in the coming year?
What are the main key factors driving the market?
What are the key market trends impacting the growth of the market?
What are the market opportunities and threats in the market?
What industrial trends, drivers and challenges are manipulating its growth?
Which are trending factors influencing the market shares of the top companies?
Who are the key market players in the industry?
What is the degree of competition in the industry?
What is the impact of COVID-19 on the current industry?

Frequently Asked Questions about the GCC Takaful Market

What is the estimated value of the GCC Takaful Market?

The GCC Takaful Market was estimated to be valued at $28.72 Billion in 2023.

What is the growth rate of the GCC Takaful Market?

The growth rate of the GCC Takaful Market is 11.6%, with an estimated value of $61.91 Billion by 2030.

What is the forecasted size of the GCC Takaful Market?

The GCC Takaful Market is estimated to be worth $61.91 Billion by 2030.

Who are the key companies in the GCC Takaful Market?

Key companies in the GCC Takaful Market include Abu Dhabi National Takaful Co., Allianz, AMAN Insurance, Islamic Insurance, Prudential BSN Takaful Berhad, Qatar Islamic Insurance, SALAMA Islamic Arab Insurance Company, Syarikat Takaful Brunei Darussalam and Takaful International.

Report Attribute	Details
No. of Pages	127
Published	April 2023
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 28.72 Billion
Forecasted Market Value ( USD ) by 2030	$ 61.91 Billion
Compound Annual Growth Rate	11.6%
Regions Covered	Middle East
No. of Companies Mentioned	9

1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions

2. Key Insights

3. GCC Takaful Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges

4. GCC Takaful Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19

5. GCC Takaful Market by Insurance Type
5.1. Introduction
5.2. Family Takaful
5.3. General Takaful

6. GCC Takaful Market by Distribution Channel
6.1. Introduction
6.2. Offline Channel
6.3. Online Channel

7. GCC Takaful Market by Application
7.1. Introduction
7.2. Personal
7.3. Commercial

8. GCC Takaful Market by Country
8.1. Introduction
8.2. Bahrain
8.3. Kuwait
8.4. Oman
8.5. Qatar
8.6. Saudi Arabia
8.7. UAE

9. SWOT Analysis

10. Porter’s Five Forces

11. Market Value Chain Analysis

12. Competitive Landscape
12.1. Competitive Scenario
12.2. Company Profiles
12.2.1. Abu Dhabi National Takaful Co.
12.2.2. Allianz
12.2.3. AMAN Insurance
12.2.4. Islamic Insurance
12.2.5. Prudential BSN Takaful Berhad
12.2.6. Qatar Islamic Insurance
12.2.7. SALAMA Islamic Arab Insurance Company
12.2.8. Syarikat Takaful Brunei Darussalam
12.2.9. Takaful International

List of Figures
Figure 1: GCC Takaful Market (in US$ Million), 2018-2022
Figure 2: GCC Takaful Market by Insurance Type, 2022
Figure 3: GCC Takaful Market by Distribution Channel, 2022
Figure 4: GCC Takaful Market by Application, 2022
Figure 5: GCC Takaful Market by Country, 2022
Figure 6: GCC Takaful Market (in US$ Million), 2023-2030
Figure 7: GCC Takaful Market by Insurance Type (in %), 2022 & 2030
Figure 8: GCC Family Takaful Market (in US$ Million), 2018-2022
Figure 9: GCC Family Takaful Market (in US$ Million), 2023-2030
Figure 10: GCC General Takaful Market (in US$ Million), 2018-2022
Figure 11: GCC General Takaful Market (in US$ Million), 2023-2030
Figure 12: GCC Takaful Market by Distribution Channel (in %), 2022 & 2030
Figure 13: GCC Offline Takaful Market (in US$ Million), 2018-2022
Figure 14: GCC Offline Takaful Market (in US$ Million), 2023-2030
Figure 15: GCC Online Takaful Market (in US$ Million), 2018-2022
Figure 16: GCC Online Takaful Market (in US$ Million), 2023-2030
Figure 17: GCC Takaful Market by Application (in %), 2022 & 2030
Figure 18: GCC Personal Takaful Market (in US$ Million), 2018-2022
Figure 19: GCC Personal Takaful Market (in US$ Million), 2023-2030
Figure 20: GCC Commercial Takaful Market (in US$ Million), 2018-2022
Figure 21: GCC Commercial Takaful Market (in US$ Million), 2023-2030
Figure 22: GCC Takaful Market by Country (in %), 2022 & 2030
Figure 23: Bahrain Takaful Market (in US$ Million), 2018-2022
Figure 24: Bahrain Takaful Market (in US$ Million), 2023-2030
Figure 25: Kuwait Takaful Market (in US$ Million), 2018-2022
Figure 26: Kuwait Takaful Market (in US$ Million), 2023-2030
Figure 27: Oman Takaful Market (in US$ Million), 2018-2022
Figure 28: Oman Takaful Market (in US$ Million), 2023-2030
Figure 29: Qatar Takaful Market (in US$ Million), 2018-2022
Figure 30: Qatar Takaful Market (in US$ Million), 2023-2030
Figure 31: Saudi Arabia Takaful Market (in US$ Million), 2018-2022
Figure 32: Saudi Arabia Takaful Market (in US$ Million), 2023-2030
Figure 33: UAE Takaful Market (in US$ Million), 2018-2022
Figure 34: UAE Takaful Market (in US$ Million), 2023-2030
Figure 35: Market Value Chain

List of Tables
Table 1: GCC Takaful Market Portraiture
Table 2: GCC Takaful Market by Insurance Type (in US$ Million), 2022 & 2030
Table 3: GCC Takaful Market by Distribution Channel (in US$ Million), 2022 & 2030
Table 4: GCC Takaful Market by Application (in US$ Million), 2022 & 2030
Table 5: GCC Takaful Market by Country (in US$ Million), 2022 & 2030
Table 6: List of Key Players