Life Insurance & Pension in United Arab Emirates
Description
Life Insurance & Pension in United Arab Emirates
Summary
Life Insurance & Pension in United Arab Emirates 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
Summary
Life Insurance & Pension in United Arab Emirates 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 Emirati life insurance & pension market recorded gross written premiums of $2 billion in 2024, representing a negative compound annual growth rate (CAGR) of 3.8% between 2019 and 2024.
- The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $2.0 billion, equivalent to 98.5% of the market's overall value.
- In 2024, the UAE accounted for 3.8% share of the Middle East & Africa life insurance & pension market.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance & pension market in United Arab Emirates
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in United Arab Emirates
- 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 United Arab Emirates life insurance & pension market with five year forecasts
- What was the size of the United Arab Emirates life insurance & pension market by value in 2024?
- What will be the size of the United Arab Emirates life insurance & pension market in 2029?
- What factors are affecting the strength of competition in the United Arab Emirates life insurance & pension market?
- How has the market performed over the last five years?
Table of Contents
36 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. 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. Who are the leading players?
- 7.2. What are the strengths and strategies of the leading players?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Zurich International Life (Abu Dhabi)
- 8.2. Abu Dhabi National Insurance Company PJSC
- 8.3. Orient Takaful PJSC
- 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: United Arab Emirates life insurance & pension market value: $ billion, 2019-24
- Table 2: United Arab Emirates life insurance & pension market category segmentation: % share, by value, 2019-24
- Table 3: United Arab Emirates life insurance & pension market category segmentation: $ billion, 2019-24
- Table 4: United Arab Emirates life insurance & pension market geography segmentation: $ billion, 2024
- Table 5: United Arab Emirates life insurance & pension market value forecast: $ billion, 2024-29
- Table 6: Zurich International Life (Abu Dhabi): Key Facts
- Table 7: Zurich International Life (Abu Dhabi): Key Employees
- Table 8: Abu Dhabi National Insurance Company PJSC: Key Facts
- Table 9: Abu Dhabi National Insurance Company PJSC: Annual Financial Ratios
- Table 10: Abu Dhabi National Insurance Company PJSC: Key Employees
- Table 11: Orient Takaful PJSC: Key Facts
- Table 12: Orient Takaful PJSC: Annual Financial Ratios
- Table 13: United Arab Emirates Size of Population (Million), 2020-24
- Table 14: United Arab Emirates Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 15: United Arab Emirates GDP (Current Prices, $ Billion), 2020-24
- Table 16: United Arab Emirates Inflation, 2020-24
- Table 17: United Arab Emirates Consumer Price Index (Absolute), 2020-24
- Table 18: United Arab Emirates Exchange Rate, 2019-24
- List of Figures
- Figure 1: United Arab Emirates life insurance & pension market value: $ billion, 2019-24
- Figure 2: United Arab Emirates life insurance & pension market category segmentation: $ billion, 2019-24
- Figure 3: United Arab Emirates life insurance & pension market geography segmentation: % share, by value, 2024
- Figure 4: United Arab Emirates life insurance & pension market value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the life insurance & pension market in United Arab Emirates, 2024
- Figure 6: Drivers of buyer power in the life insurance & pension market in United Arab Emirates, 2024
- Figure 7: Drivers of supplier power in the life insurance & pension market in United Arab Emirates, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in United Arab Emirates, 2024
- Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in United Arab Emirates, 2024
- Figure 10: Drivers of degree of rivalry in the life insurance & pension market in United Arab Emirates, 2024
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