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Life Insurance & Pension in Middle East & Africa

Publisher MarketLine
Published Dec 31, 2025
Length 40 Pages
SKU # MTLN21020856

Description

Life>Insurance>&>Pension>in>Middle>East>&>Africa

Summary

>Life>Insurance>&>Pension>in>Middle>East>&>Africa>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>size>(value>2019-24,>and>forecast>to>2029).>The>profile>also>contains>descriptions>of>the>leading>players>including>key>financial>metrics>and>analysis>of>competitive>pressures>within>the>market.

Key>Highlights
  • Life>insurance>is>the>financial>cover>for>a>contingency>linked>with>human>life,>like>death,>disability,>accident,>retirement,>etc.>Human>life>is>subject>to>risks>of>death>and>disability>due>to>natural>and>accidental>causes.>When>human>life>is>lost>or>a>person>is>disabled>permanently>or>temporarily,>there>is>a>loss>of>income>to>the>household.
  • The>Middle>East>&>African>life>insurance>&>pension>market>recorded>gross>written>premiums>of>$53.5>billion>in>2024,>representing>a>compound>annual>growth>rate>(CAGR)>of>0.4%>between>2019>and>2024.
  • The>life>insurance>segment>accounted>for>the>market's>largest>proportion>in>2024,>with>total>gross>written>premiums>of>$42.4>billion,>equivalent>to>79.4%>of>the>market's>overall>value.
  • In>2024,>South>Africa>accounted>for>73.0%>share>of>the>Middle>East>&>Africa>life>insurance>&>pension>market,>followed>by>Israel>with>19.3%>share.
Scope
  • Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>and>leading>players>in>the>life>insurance>&>pension>market>in>Middle>East>&>Africa
  • Use>the>Five>Forces>analysis>to>determine>the>competitive>intensity>and>therefore>attractiveness>of>the>life>insurance>&>pension>market>in>Middle>East>&>Africa
  • Leading>company>profiles>reveal>details>of>key>life>insurance>&>pension>market>players’>global>operations>and>financial>performance
  • Add>weight>to>presentations>and>pitches>by>understanding>the>future>growth>prospects>of>the>Middle>East>&>Africa>life>insurance>&>pension>market>with>five>year>forecasts
Reasons>to>Buy
  • What>was>the>size>of>the>Middle>East>&>Africa>life>insurance>&>pension>market>by>value>in>?
  • What>will>be>the>size>of>the>Middle>East>&>Africa>life>insurance>&>pension>market>in>5?
  • What>factors>are>affecting>the>strength>of>competition>in>the>Middle>East>&>Africa>life>insurance>&>pension>market?
  • How>has>the>market>performed>over>the>last>five>years?

Table of Contents

40 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths and strategies of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Hollard Insurance Group
8.2. Al-Rajhi Company for Cooperative Insurance
8.3. Guardrisk Insurance Company Ltd
8.4. Old Mutual Life Assurance Company (South Africa) Limited
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Middle East & Africa life insurance & pension market value: $ billion, 2019-24
Table 2: Middle East & Africa life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: Middle East & Africa life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: Middle East & Africa life insurance & pension market geography segmentation: $ billion, 2024
Table 5: Middle East & Africa life insurance & pension market value forecast: $ billion, 2024-29
Table 6: Middle East & Africa life insurance & pension market share: % share, by value, 2024
Table 7: Hollard Insurance Group: Key Facts
Table 8: Hollard Insurance Group: Key Employees
Table 9: Al-Rajhi Company for Cooperative Insurance: Key Facts
Table 10: Al-Rajhi Company for Cooperative Insurance: Annual Financial Ratios
Table 11: Al-Rajhi Company for Cooperative Insurance: Key Employees
Table 12: Guardrisk Insurance Company Ltd: Key Facts
Table 13: Guardrisk Insurance Company Ltd: Key Employees
Table 14: Old Mutual Life Assurance Company (South Africa) Limited: Key Facts
Table 15: Middle East & Africa Size of Population (Million), 2020-24
Table 16: Middle East & Africa Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: Middle East & Africa GDP (Current Prices, $ Billion), 2020-24
Table 18: Middle East & Africa Inflation, 2020-24
Table 19: Middle East & Africa Consumer Price Index (Absolute), 2020-24
Table 20: Middle East & Africa Exchange Rate, 2019-24
List of Figures
Figure 1: Middle East & Africa life insurance & pension market value: $ billion, 2019-24
Figure 2: Middle East & Africa life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: Middle East & Africa life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: Middle East & Africa life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in the Middle East & Africa, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in the Middle East & Africa, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in the Middle East & Africa, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in the Middle East & Africa, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in the Middle East & Africa, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in the Middle East & Africa, 2024
Figure 11: Middle East & Africa life insurance & pension market share: % share, by value, 2024

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