Insurance in Saudi Arabia

Insurance in Saudi Arabia

  • October 2017 •
  • 40 pages •
  • Report ID: 316066
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 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis
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 $9.9bn in 2016, representing a compound annual growth rate (CAGR) of 15.2% between 2012 and 2016.

The non-life insurance segment was the market’s most lucrative in 2016, with total gross written premiums of $9.7bn, equivalent to 97.2% 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 being plunged in 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 2016?
- What will be the size of the Saudi Arabia insurance market in 2021?
- 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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Country=SaudiArabia Industry=Insurance ParentIndustry=Services Date=201710 Topic=MarketSize Publisher=MarketLine Price=1000