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Saudi Arabia Insurance Q4 2019

Saudi Arabia Insurance Q4 2019

Key View:

The outlook for Saudi Arabia's insurance industry is positive, with both the non-life and smaller life insurance sectorsexpected to achieve solid premium growth as employment and income rates rise. Market barriers remain substantial, however, as agenerous social welfare system limits demand for many traditional insurance products, particularly protection products in the lifesector. Restrictions on foreign insurance companies also mean that product lines and distribution channels remain undiversified incomparison to more mature markets in the region, leaving the market reliant upon basic lines. However this highly fragmentedmarket is ripe for consolidation and with strong government support for this, together with the gradual relaxation of foreign investorownership limits we see it as a market full of opportunity.

Key Industry View
Insurance SWOT
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Middle East & North Africa Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Islamic Arab Insurance Company (Salama)
Insurance Methodology

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