Saudi Arabia Insurance Market Outlook to 2015

Region:Middle East

Author(s):

Product Code:AM58

Download Sample Report download
Buy the Full ReportStarting from $630
Published on

March 2011

Total pages

34

Table of Content

Download Sample Report download
Buy the Full ReportStarting from $630

About the Report

About the Report

;The Report titled “Saudi Arabia Insurance Market Outlook to 2015” provides an in-depth analysis of the Saudi Arabia insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration, segmentation and future outlook of the insurance industry in Saudi Arabia. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire Saudi Arabia insurance industry.

;

;Life insurance market has increased to USD ~ million in 2009 from USD ~ million in 2008, registering a growth rate of ~ %, while non-life insurance market grew ~ % to USD ~ million in 2009 from USD ~ million in 2008. Motor and health insurance are the largest growing insurance segments in 2009.

;

;People in Saudi Arabia spent almost 10 times more on non-life insurance products than on the life insurance products as been seen by the density level of non-life insurance industry of USD ~ in 2009 vis a vis USD ~ on life insurance products. It is expected that this density level will continue at the double digit growth rate of ~ % from USD ~ in 2009 to reach USD ~ by 2015.

;

;Saudi Arabia insurance market is dominated by non-life insurance with a significant market share of ~ % for the gross insurance premium of USD ~ million in 2009. Life insurance is still in its initial stages and therefore requires some time to contribute a major portion to the country insurance market. Currently, the market share of life insurance market is ~% with gross life insurance premium of USD ~ million in 2009

;

;In the last five years, the market for health insurance has witnessed a constant increase from ~ % in 2005 to ~ % in 2009. The share of motor insurance is declining in the country. The share has decreased from ~ % in 2005 to ~ % in 2009. A considerable decrease was witnessed in the motor insurance sector, wherein the share of the sector was reduced to half in 2009. The share reduced from ~ % in 2005 to ~ % in 2009.

;

;The share of health insurance grew at phenomenal CAGR of ~ % during the period from 2005-2015. The gross premium increased from USD ~ million in 2005 to USD ~ million in 2008 to USD ~ million in 2009.

;

;Protection and Savings Insurance increased at a healthy double digit growth of ~ % during the forecasted period. During the period from 2007-2009, the sub sector witnessed tremendous growth rate. The premium increased from USD ~ million in 2005 to USD ~ million in 2009. The growth in the sub sector is expected to continue in the future as well but not at the same growth rate that was achieved during the historical period. The CAGR is expected to be around ~ %, where the premium is likely to increase from USD ~ million in 2009 to USD ~ million in 2015.

;

;

;

;Scope of Research

;

;The report will entail thorough analysis and offers valuable insights on the insurance industry in the Saudi Arabia. The scope of the report includes:

;

    ;
  • ;The market size of life and non-life insurance industry in terms of gross insurance premium written for Saudi Arabia, 2001 to 2015
  • ;
  • ;Life and Non-life insurance density in USD for Saudi Arabia, 2001 to 2015
  • ;
  • ;Life and Non-life insurance penetration, premium as a percentage of GDP for the country, 2001 to 2015
  • ;
  • ;Market segmentation on the basis of Product in Saudi Arabia, 2009 and 2015
  • ;
  • ;Non-life insurance market segmentation by motor, health, property on the basis of gross insurance premium written, historical and projections.
  • ;
  • ;Competitive Landscape of the major life insurers in Saudi Arabia on the basis of gross premium written
  • ;
  • ;Competitive Landscape of the major non-life insurers in Saudi Arabia on the basis of gross premium written
  • ;
  • ;Valuable Insights and Future Outlook of the insurance industry in Saudi Arabia.
  • ;

;

Products

Products

Life insurance, non-life insurance, insurance density, insurance penetration, motor insurance, health insurance, property insurance


Companies

Tawuniya, Medgulf, Bupa Arabia

Table of Contents

Table of Contents

1. Saudi Arabia Insurance Market Introduction

2. Saudi Arabia Life and Non-Life Insurance Market Size by Value, 2001-2015

3. Saudi Arabia Life and Non-Life Insurance Density, Premium Per Capita, USD, 2001-2015

4. Saudi Arabia Life and Non-Life Insurance Penetration, Premium as a % of GDP, 2001-2015

5. Saudi Arabia Insurance Market Segmentation by Product, 2009 and 2015

5.1. Saudi Arabia Non-Life Insurance Market Segmentation by Class, 2005-2015

5.2. Saudi Arabia Health Insurance Market Size By Value, 2005-2015

5.3. Saudi Arabia Motor Insurance Market Size By Value, 2005-2015

5.4. Saudi Arabia Protection & Savings Insurance Market Size By Value, 2005-2015

5.5. Saudi Arabia Property Insurance Market Size By Value, 2005-2015

5.6. Saudi Arabia Engineering Insurance Market Size By Value, 2005-2015

5.7. Saudi Arabia Accidents & Liabilities Insurance Market Size By Value, 2005-2015

5.8. Saudi Arabia Marine Insurance Market Size By Value, 2005-2015

5.9. Saudi Arabia Energy Insurance Market Size By Value, 2005-2015

5.10. Saudi Arabia Aviation Insurance Market Size By Value, 2005-2015

6. Saudi Arabia Insurance Competitive Landscape, 2008

7. Saudi Arabia Insurance Market Future Outlook

8. Appendix

8.1. Market Definition

8.2. Abbreviations

8.3. Disclaimer

 


List of Figure

Figure 1: Saudi Arabia Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015

Figure 2: Saudi Arabia Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015

Figure 3: Saudi Arabia Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015

Figure 4: Saudi Arabia Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009

Figure 5: Saudi Arabia Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2015

Figure 6: Saudi Arabia Non-Life Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2005-2009

Figure 7: Saudi Arabia Non-Life Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009-2015

Figure 8: Saudi Arabia Health Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 9: Saudi Arabia Motor Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 10: Saudi Arabia Protection & Savings Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 11: Saudi Arabia Property Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 12: Saudi Arabia Engineering Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 13: Saudi Arabia Accidents & Liabilities Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 14: Saudi Arabia Marine Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 15: Saudi Arabia Energy Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 16: Saudi Arabia Aviation Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Figure 17: Saudi Arabia Market Share of the Major Insurers on the basis of Gross Insurance Premium Written, in Percentage, 2008

 


List of Table

Table 1: Saudi Arabia Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015

Table 2: Saudi Arabia Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015

Table 3: Saudi Arabia Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015

Table 4: Saudi Arabia Health Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 5: Saudi Arabia Motor Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 6: Saudi Arabia Protection & Savings Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 7: Saudi Arabia Property Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 8: Saudi Arabia Engineering Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 9: Saudi Arabia Accidents & Liabilities Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 10: Saudi Arabia Marine Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 11: Saudi Arabia Energy Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 12: Saudi Arabia Aviation Insurance Market Size by Value in USD Million, on the basis of Gross Insurance Premium Written, 2005-2015

Table 13: Saudi Arabia Market Share of the Major Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2008

 

You can also purchase parts of this report.
Do you want to check out a section wise price list?
Get Price Break-up

Why Buy From US?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022