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Life Insurance & Pension in Saudi Arabia

Publisher MarketLine
Published Dec 31, 2025
Length 40 Pages
SKU # MTLN21020698

Description

Life>Insurance>&>Pension>in>Saudi>Arabia

Summary

>Life>Insurance>&>Pension>in>Saudi>Arabia>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>share,>market>size>(value>and>volume>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>Saudi>Arabian>life>insurance>&>pension>market>recorded>gross>written>premiums>of>$0.9>billion>in>2024,>representing>a>compound>annual>growth>rate>(CAGR)>of>23.1%>between>2019>and>2024.
  • The>life>insurance>segment>accounted>for>the>market's>largest>proportion>in>2024,>with>total>gross>written>premiums>of>$0.7>billion,>equivalent>to>85.1%>of>the>market's>overall>value.
  • In>2024,>Saudi>Arabia>accounted>for>1.6%>share>of>the>Middle>East>&>Africa>life>insurance>&>pension>market.
Scope
  • Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>major>segments,>and>leading>players>in>the>life>insurance>&>pension>market>in>Saudi>Arabia
  • Use>the>Five>Forces>analysis>to>determine>the>competitive>intensity>and>therefore>attractiveness>of>the>life>insurance>&>pension>market>in>Saudi>Arabia
  • 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>Saudi>Arabia>life>insurance>&>pension>market>with>five>year>forecasts>by>both>value>and>volume
Reasons>to>Buy
  • What>was>the>size>of>the>Saudi>Arabia>life>insurance>&>pension>market>by>value>in>2024?
  • What>will>be>the>size>of>the>Saudi>Arabia>life>insurance>&>pension>market>in>2029?
  • What>factors>are>affecting>the>strength>of>competition>in>the>Saudi>Arabia>life>insurance>&>pension>market?
  • How>has>the>market>performed>over>the>last>five>years?
  • Who>are>the>top>competitors>in>Saudi>Arabia's>life>insurance>&>pension>market?

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. Aljazira Takaful Taawuni Co
8.2. Walaa Cooperative Insurance Co
8.3. Al-Rajhi Company for Cooperative Insurance
8.4. Arabian Shield Cooperative Insurance Co
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: Saudi Arabia life insurance & pension market value: $ billion, 2019-24
Table 2: Saudi Arabia life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: Saudi Arabia life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: Saudi Arabia life insurance & pension market geography segmentation: $ billion, 2024
Table 5: Saudi Arabia life insurance & pension market value forecast: $ billion, 2024-29
Table 6: Saudi Arabia life insurance & pension market share: % share, by value, 2024
Table 7: Aljazira Takaful Taawuni Co: Key Facts
Table 8: Walaa Cooperative Insurance Co: Key Facts
Table 9: Walaa Cooperative Insurance Co: Annual Financial Ratios
Table 10: Walaa Cooperative Insurance Co: Key Employees
Table 11: Al-Rajhi Company for Cooperative Insurance: Key Facts
Table 12: Al-Rajhi Company for Cooperative Insurance: Annual Financial Ratios
Table 13: Al-Rajhi Company for Cooperative Insurance: Key Employees
Table 14: Arabian Shield Cooperative Insurance Co: Key Facts
Table 15: Arabian Shield Cooperative Insurance Co: Annual Financial Ratios
Table 16: Arabian Shield Cooperative Insurance Co: Key Employees
Table 17: Saudi Arabia Size of Population (Million), 2020-24
Table 18: Saudi Arabia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Saudi Arabia GDP (Current Prices, $ Billion), 2020-24
Table 20: Saudi Arabia Inflation, 2020-24
Table 21: Saudi Arabia Consumer Price Index (Absolute), 2020-24
Table 22: Saudi Arabia Exchange Rate, 2019-24
List of Figures
Figure 1: Saudi Arabia life insurance & pension market value: $ billion, 2019-24
Figure 2: Saudi Arabia life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: Saudi Arabia life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: Saudi Arabia life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in Saudi Arabia, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in Saudi Arabia, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in Saudi Arabia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Saudi Arabia, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Saudi Arabia, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Saudi Arabia, 2024
Figure 11: Saudi Arabia life insurance & pension market share: % share, by value, 2024

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