Life Insurance & Pension in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Life insurance is the financial cover for a contingency linked with human life, like death, disability, accident, retirement, etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household.
- The Saudi Arabian life insurance & pension market recorded gross written premiums of $0.9 billion in 2024, representing a compound annual growth rate (CAGR) of 23.1% between 2019 and 2024.
- The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $0.7 billion, equivalent to 85.1% of the market's overall value.
- In 2024, Saudi Arabia accounted for 1.6% share of the Middle East & Africa life insurance & pension market.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Saudi Arabia
- Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia life insurance & pension market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Saudi Arabia life insurance & pension market by value in 2024?
- What will be the size of the Saudi Arabia life insurance & pension market in 2029?
- What factors are affecting the strength of competition in the Saudi Arabia life insurance & pension market?
- How has the market performed over the last five years?
- Who are the top competitors in Saudi Arabia's life insurance & pension market?
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:
- Aljazira Takaful Taawuni Co
- Walaa Cooperative Insurance Co
- Al-Rajhi Company for Cooperative Insurance
- Arabian Shield Cooperative Insurance Co
