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Non-Life Insurance in Saudi Arabia

Publisher MarketLine
Published Dec 11, 2025
Length 43 Pages
SKU # MTLN21050368

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 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
  • Non-life insurance is typically 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 Saudi Arabian non-life insurance market recorded gross written premiums of $18.3 billion in 2024, representing a compound annual growth rate (CAGR) of 13.2% between 2019 and 2024.
  • The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $3.7 billion, equivalent to 20.3% of the market's overall value.
  • The expansion of the Saudi Arabian non-life insurance market is driven by its accelerating housing market, coupled with investments in residential and commercial real estate. According to GlobalData, in 2024, the residential construction market in Saudi Arabia recorded an annual growth of 6.2%.
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 2024?
  • What will be the size of the Saudi Arabia non-life insurance market in 2029?
  • 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

43 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 strategies of the leading players?
7.3. What are the most 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, 2019-24
Table 2: Saudi Arabia non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Saudi Arabia non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Saudi Arabia non-life insurance market geography segmentation: $ billion, 2024
Table 5: Saudi Arabia non-life insurance market value forecast: $ billion, 2024-29
Table 6: The Company for Cooperative Insurance: Key Facts
Table 7: The Company for Cooperative Insurance: Annual Financial Ratios
Table 8: The Company for Cooperative Insurance: 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: Walaa Cooperative Insurance Co: Key Facts
Table 13: Walaa Cooperative Insurance Co: Annual Financial Ratios
Table 14: Walaa Cooperative Insurance Co: Key Employees
Table 15: Gulf Insurance Group: Key Facts
Table 16: Gulf Insurance Group: Annual Financial Ratios
Table 17: Gulf Insurance Group: Key Employees
Table 18: Saudi Arabia Size of Population (Million), 2020-24
Table 19: Saudi Arabia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Saudi Arabia GDP (Current Prices, $ Billion), 2020-24
Table 21: Saudi Arabia Inflation, 2020-24
Table 22: Saudi Arabia Consumer Price Index (Absolute), 2020-24
Table 23: Saudi Arabia Exchange Rate, 2019-24
List of Figures
Figure 1: Saudi Arabia non-life insurance market value: $ billion, 2019-24
Figure 2: Saudi Arabia non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Saudi Arabia non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Saudi Arabia non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Saudi Arabia, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Saudi Arabia, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Saudi Arabia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Saudi Arabia, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Saudi Arabia, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Saudi Arabia, 2024

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