Insurance in United Arab Emirates (UAE) - Market Summary, Competitive Analysis and Forecast to 2025

Insurance in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 had total gross written premiums of $11.8bn in 2020, representing a compound annual growth rate (CAGR) of 2.1% between 2016 and 2020.
The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $9.5bn, equivalent to 80.6% of the market's overall value.
Looking forwards, growth in the Emirati market is likely to be supporting by digital innovation in the insurance market.

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

Reasons to Buy

What was the size of the United Arab Emirates automotive manufacturing market by value in 2020?
What will be the size of the United Arab Emirates automotive manufacturing market in 2025?
What factors are affecting the strength of competition in the United Arab Emirates automotive manufacturing market?
How has the market performed over the last five years?
What are the main segments that make up United Arab Emirate's automotive manufacturing market?

Frequently Asked Questions about the Insurance in Emirati (UAE) Market

What is the estimated value of the Insurance in Emirati (UAE) Market?

The Insurance in Emirati (UAE) Market was estimated to be valued at $11.83 Billion in 2020.

What is the growth rate of the Insurance in Emirati (UAE) Market?

The growth rate of the Insurance in Emirati (UAE) Market is 3.2%, with an estimated value of $13.89 Billion by 2025.

What is the forecasted size of the Insurance in Emirati (UAE) Market?

The Insurance in Emirati (UAE) Market is estimated to be worth $13.89 Billion by 2025.

Who are the key companies in the Insurance in Emirati (UAE) Market?

Key companies in the Insurance in Emirati (UAE) Market include Oman Insurance Co PSC, Orient Insurance Company PJSC, Al Ain Ahlia Insurance Company PSC and Abu Dhabi National Insurance Company PSC.

Report Attribute	Details
No. of Pages	42
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 11.83 Billion
Forecasted Market Value ( USD ) by 2025	$ 13.89 Billion
Compound Annual Growth Rate	3.2%
Regions Covered	United Arab Emirates

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 leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. Oman Insurance Co PSC
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 Research
10.4. About The Publisher

List of Tables

Table 1: United Arab Emirates insurance market value: $ billion, 2016 - 20
Table 2: United Arab Emirates insurance market category segmentation: $ billion, 2020
Table 3: United Arab Emirates insurance market geography segmentation: $ billion, 2020
Table 4: United Arab Emirates insurance market value forecast: $ billion, 2020 - 25
Table 5: United Arab Emirates insurance market share: % share, by value, 2020
Table 6: Oman Insurance Co PSC: key facts
Table 7: Oman Insurance Co PSC: Annual Financial Ratios
Table 8: Oman Insurance Co PSC: Key Employees
Table 9: Orient Insurance Company PJSC: key facts
Table 10: Orient Insurance Company PJSC: Key Employees
Table 11: Al Ain Ahlia Insurance Company PSC: key facts
Table 12: Al Ain Ahlia Insurance Company PSC: Annual Financial Ratios
Table 13: Al Ain Ahlia Insurance Company PSC: Key Employees
Table 14: Abu Dhabi National Insurance Company PSC: key facts
Table 15: Abu Dhabi National Insurance Company PSC: Annual Financial Ratios
Table 16: Abu Dhabi National Insurance Company PSC: Key Employees
Table 17: United Arab Emirates size of population (million), 2016 - 20
Table 18: United Arab Emirates gdp (constant 2005 prices, $ billion), 2016 - 20
Table 19: United Arab Emirates gdp (current prices, $ billion), 2016 - 20
Table 20: United Arab Emirates inflation, 2016 - 20
Table 21: United Arab Emirates consumer price index (absolute), 2016 - 20
Table 22: United Arab Emirates exchange rate, 2016 - 20

List of Figures

Figure 1: United Arab Emirates insurance market value: $ billion, 2016 - 20
Figure 2: United Arab Emirates insurance market category segmentation: % share, by value, 2020
Figure 3: United Arab Emirates insurance market geography segmentation: % share, by value, 2020
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