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Insurance in Saudi Arabia

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Details

Insurance in Saudi Arabia

Summary

Insurance in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the Saudi Arabia insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The Saudi Arabian insurance market had total gross written premiums of USD 9.7bn in 2017, representing a compound annual growth rate (CAGR) of 9.7% between 2013 and 2017.

- The non-life segment was the market's most lucrative in 2017, with total gross written premiums of USD 9.4bn, equivalent to 97.1% of the market's overall value.

- The growth of the domestic economy slowed down significantly in 2016 due to the fall of oil prices, with infrastructure projects and other economic activities declining that year, having a knock on effect on commercial lines of 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

Reasons to buy

- What was the size of the Saudi Arabia insurance market by value in 2017?

- What will be the size of the Saudi Arabia insurance market in 2022?

- What factors are affecting the strength of competition in the Saudi Arabia insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in Saudi Arabia's insurance market?

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Table Of Content

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 15

Supplier power 17

New entrants 19

Threat of substitutes 21

Degree of rivalry 22

Leading Companies 24

Al Rajhi Banking & Investment Corporation 24

Bupa Arabia for Cooperative Insurance Company 27

The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C) 30

The Company for Cooperative Insurance 33

Macroeconomic Indicators 36

Country data 36

Methodology 38

Industry associations 39

Related MarketLine research 39

Appendix 40

About MarketLine 40


List Of Figure

List of Tables

Table 1: Saudi Arabia insurance market value: USD billion, 2013-17

Table 2: Saudi Arabia insurance market category segmentation: USD billion, 2017

Table 3: Saudi Arabia insurance market geography segmentation: USD billion, 2017

Table 4: Saudi Arabia insurance market share: % share, by value, 2017

Table 5: Saudi Arabia insurance market value forecast: USD billion, 2017-22

Table 6: Al Rajhi Banking & Investment Corporation: key facts

Table 7: Al Rajhi Banking & Investment Corporation: key financials (USD )

Table 8: Al Rajhi Banking & Investment Corporation: key financials (SAR)

Table 9: Al Rajhi Banking & Investment Corporation: key financial ratios

Table 10: Bupa Arabia for Cooperative Insurance Company: key facts

Table 11: Bupa Arabia for Cooperative Insurance Company: key financials (USD )

Table 12: Bupa Arabia for Cooperative Insurance Company: key financials (SAR)

Table 13: Bupa Arabia for Cooperative Insurance Company: key financial ratios

Table 14: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): key facts

Table 15: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): key financials (USD )

Table 16: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): key financials (SAR)

Table 17: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): key financial ratios

Table 18: The Company for Cooperative Insurance: key facts

Table 19: The Company for Cooperative Insurance: key financials (USD )

Table 20: The Company for Cooperative Insurance: key financials (SAR)

Table 21: The Company for Cooperative Insurance: key financial ratios

Table 22: Saudi Arabia size of population (million), 2013-17

Table 23: Saudi Arabia gdp (constant 2005 prices, USD billion), 2013-17

Table 24: Saudi Arabia gdp (current prices, USD billion), 2013-17

Table 25: Saudi Arabia inflation, 2013-17

Table 26: Saudi Arabia consumer price index (absolute), 2013-17

Table 27: Saudi Arabia exchange rate, 2013-17


List Of Table

List of Figures

Figure 1: Saudi Arabia insurance market value: USD billion, 2013-17

Figure 2: Saudi Arabia insurance market category segmentation: % share, by value, 2017

Figure 3: Saudi Arabia insurance market geography segmentation: % share, by value, 2017

Figure 4: Saudi Arabia insurance market share: % share, by value, 2017

Figure 5: Saudi Arabia insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the insurance market in Saudi Arabia, 2017

Figure 7: Drivers of buyer power in the insurance market in Saudi Arabia, 2017

Figure 8: Drivers of supplier power in the insurance market in Saudi Arabia, 2017

Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Saudi Arabia, 2017

Figure 10: Factors influencing the threat of substitutes in the insurance market in Saudi Arabia, 2017

Figure 11: Drivers of degree of rivalry in the insurance market in Saudi Arabia, 2017

Figure 12: Al Rajhi Banking & Investment Corporation: revenues & profitability

Figure 13: Al Rajhi Banking & Investment Corporation: assets & liabilities

Figure 14: Bupa Arabia for Cooperative Insurance Company: revenues & profitability

Figure 15: Bupa Arabia for Cooperative Insurance Company: assets & liabilities

Figure 16: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): revenues & profitability

Figure 17: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): assets & liabilities

Figure 18: The Company for Cooperative Insurance: revenues & profitability

Figure 19: The Company for Cooperative Insurance: assets & liabilities

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Products and Companies

Products

Financial Services, Insurance, MarketLine, Saudi Arabia


Companies

Al Rajhi Banking & Investment Corporation

Bupa Arabia for Cooperative Insurance Company

The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C)

The Company for Cooperative Insurance