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Saudi Arabia Insurance Report Q4 2017

Saudi Arabia Insurance Report Q4 2017

BMI View:

Saudi Arabia's insurance market offers mixed prospects for growth. The life insurance market is under-developed with extremely limited demand from the resident population. While premiums are expected to grow there are few providers active in the life segment and the market will remain small by regional and global standards. The larger non-life sector, after a short-term decline, is expected to see healthier growth, particularly in the key motor and health insurance segments.

Key Updates And Forecasts

Saudi Arabia has now fully rolled out a comprehensive mandatory health insurance scheme. Effective April 10 2017, it requires all companies, including those with 25 or fewer employees, to provide health insurance for employees (both Saudi and expatriate workers) and their dependents.

BMI Industry View
Table: Headline Insurance Forecasts (Saudi Arabia 2014-2021)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Saudi Arabia 2014-2021)
Table: Life Claims (Saudi Arabia 2010-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Saudi Arabia 2014-2021)
Table: Non-Life Claims (Saudi Arabia 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Saudi Arabia 2014-2021)
Insurance Risk/Reward Index
Middle East And North Africa Insurance Risk/Reward Index
Table: Middle East And North Africa Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Insurance Market (SARmn), 2008-2015
Company Profile
Islamic Arab Insurance Company (Salama)
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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