Insurance in Saudi Arabia

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 $9.7bn in 2017, representing a compound annual growth rate (CAGR) of 9.7% between 2013 and 2017.
- The non-life segment was the markets most lucrative in 2017, with total gross written premiums of $9.4bn, equivalent to 97.1% of the markets 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 Arabias insurance market?

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 Tables


Table 1: Saudi Arabia insurance market value: $ billion, 2013-17
Table 2: Saudi Arabia insurance market category segmentation: $ billion, 2017
Table 3: Saudi Arabia insurance market geography segmentation: $ billion, 2017
Table 4: Saudi Arabia insurance market share: % share, by value, 2017
Table 5: Saudi Arabia insurance market value forecast: $ billion, 2017-22
Table 6: Al Rajhi Banking & Investment Corporation: key facts
Table 7: Al Rajhi Banking & Investment Corporation: key financials ($)
Table 8: Al Rajhi Banking & Investment Corporation: key financials (SAR)
Table 9: Al Rajhi Banking & Investment Corporation: key financial ratios
Table 10: Bupa Arabia for Cooperative Insurance Company: key facts
Table 11: Bupa Arabia for Cooperative Insurance Company: key financials ($)
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 ($)
Table 16: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): key financials (SAR)
Table 17: The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (S.J.S.C): key financial ratios
Table 18: The Company for Cooperative Insurance: key facts
Table 19: The Company for Cooperative Insurance: key financials ($)
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, $ billion), 2013-17
Table 24: Saudi Arabia gdp (current prices, $ 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 Figures


Figure 1: Saudi Arabia insurance market value: $ 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: $ 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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