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Non-Life Insurance in Saudi Arabia

Publisher MarketLine
Published Nov 21, 2024
Length 44 Pages
SKU # MTLN19547161

Description

Non-Life Insurance in Saudi Arabia

Summary

Non-Life Insurance in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
  • The Saudi Arabian non-life insurance market recorded written premiums of $16.8 billion in 2023, representing a compound annual growth rate (CAGR) of 13.1% between 2018 and 2023.
  • The motor segment accounted for the market's largest proportion in 2023, with total written premiums of $3.8 billion, equivalent to 22.7% of the market's overall value.
  • According to GlobalData, in 2023, Saudi Arabia held a market share of 40.7% of the Middle East non-life insurance market.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Saudi Arabia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Saudi Arabia
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia non-life insurance market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Saudi Arabia non-life insurance market by value in 2023?
  • What will be the size of the Saudi Arabia non-life insurance market in 2028?
  • What factors are affecting the strength of competition in the Saudi Arabia non-life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Saudi Arabia's non-life insurance market?

Table of Contents

44 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. The Company for Cooperative Insurance
8.2. Al-Rajhi Company for Cooperative Insurance
8.3. Walaa Cooperative Insurance Co
8.4. Gulf Insurance Group
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 non-life insurance market value: $ billion, 2018-23
Table 2: Saudi Arabia non-life insurance market category segmentation: % share, by value, 2018-23
Table 3: Saudi Arabia non-life insurance market category segmentation: $ billion, 2018-23
Table 4: Saudi Arabia non-life insurance market geography segmentation: $ billion, 2023
Table 5: Saudi Arabia non-life insurance market value forecast: $ billion, 2023-28
Table 6: Saudi Arabia non-life insurance market share: % share, by value, 2023
Table 7: The Company for Cooperative Insurance: Key Facts
Table 8: The Company for Cooperative Insurance: Annual Financial Ratios
Table 9: The Company for Cooperative Insurance: Key Employees
Table 10: Al-Rajhi Company for Cooperative Insurance: Key Facts
Table 11: Al-Rajhi Company for Cooperative Insurance: Annual Financial Ratios
Table 12: Al-Rajhi Company for Cooperative Insurance: Key Employees
Table 13: Walaa Cooperative Insurance Co: Key Facts
Table 14: Walaa Cooperative Insurance Co: Annual Financial Ratios
Table 15: Walaa Cooperative Insurance Co: Key Employees
Table 16: Gulf Insurance Group: Key Facts
Table 17: Gulf Insurance Group: Annual Financial Ratios
Table 18: Gulf Insurance Group: Key Employees
Table 19: Saudi Arabia Size of Population (million), 2019-23
Table 20: Saudi Arabia Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 21: Saudi Arabia GDP (Current Prices, $ Billion), 2019-23
Table 22: Saudi Arabia Inflation, 2019-23
Table 23: Saudi Arabia Consumer Price Index (Absolute), 2019-23
Table 24: Saudi Arabia Exchange Rate, 2018-23
List of Figures
Figure 1: Saudi Arabia non-life insurance market value: $ billion, 2018-23
Figure 2: Saudi Arabia non-life insurance market category segmentation: $ billion, 2018-23
Figure 3: Saudi Arabia non-life insurance market geography segmentation: % share, by value, 2023
Figure 4: Saudi Arabia non-life insurance market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the non-life insurance market in Saudi Arabia, 2023
Figure 6: Drivers of buyer power in the non-life insurance market in Saudi Arabia, 2023
Figure 7: Drivers of supplier power in the non-life insurance market in Saudi Arabia, 2023
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Saudi Arabia, 2023
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Saudi Arabia, 2023
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Saudi Arabia, 2023
Figure 11: Saudi Arabia non-life insurance market share: % share, by value, 2023

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