Insurance in Middle East - Market Summary, Competitive Analysis and Forecast to 2025

Insurance in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
The Middle Eastern insurance market had total gross written premiums of $44.0bn in 2020, representing a compound annual growth rate (CAGR) of 3.2% between 2016 and 2020.
The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $29.8bn, equivalent to 67.8% of the market's overall value.
The COVID-19 pandemic has had a significant impact on the Middle Eastern insurance market. Cuts to interest rates and a reduction in demand for certain types of insurance, such as motor and travel, have constrained insurance companies’ profits and pushed the market into decline in 2020.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Middle East
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Middle East
Leading company profiles reveal details of key insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Middle East insurance market with five year forecasts by both value and volume

Reasons to Buy

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How has the market performed over the last five years?
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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 strategies do leading players follow?
7.4. How are leading players incorporating new technology into their business strategies?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. Harel Insurance Investments and Financial Services Ltd
8.2. The Phoenix Holdings Ltd
8.3. Bupa Arabia for Cooperative Insurance Company

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About The Publisher

List of Tables

Table 1: Middle East insurance market value: $ billion, 2016 - 20
Table 2: Middle East insurance market category segmentation: $ billion, 2020
Table 3: Middle East insurance market geography segmentation: $ billion, 2020
Table 4: Middle East insurance market value forecast: $ billion, 2020 - 25
Table 5: Middle East insurance market share: % share, by value, 2020
Table 6: Harel Insurance Investments and Financial Services Ltd: key facts
Table 7: Harel Insurance Investments and Financial Services Ltd: Annual Financial Ratios
Table 8: Harel Insurance Investments and Financial Services Ltd: Key Employees
Table 9: The Phoenix Holdings Ltd: key facts
Table 10: The Phoenix Holdings Ltd: Annual Financial Ratios
Table 11: The Phoenix Holdings Ltd: Key Employees
Table 12: The Phoenix Holdings Ltd: Key Employees Continued
Table 13: Bupa Arabia for Cooperative Insurance Company: key facts
Table 14: Bupa Arabia for Cooperative Insurance Company: Annual Financial Ratios
Table 15: Bupa Arabia for Cooperative Insurance Company: Key Employees
Table 16: Middle East size of population (million), 2016 - 20
Table 17: Middle East gdp (constant 2005 prices, $ billion), 2016 - 20
Table 18: Middle East gdp (current prices, $ billion), 2016 - 20
Table 19: Middle East inflation, 2016 - 20
Table 20: Middle East consumer price index (absolute), 2016 - 20
Table 21: Middle East exchange rate, 2016 - 20

List of Figures

Figure 1: Middle East insurance market value: $ billion, 2016 - 20
Figure 2: Middle East insurance market category segmentation: % share, by value, 2020
Figure 3: Middle East insurance market geography segmentation: % share, by value, 2020
Figure 4: Middle East insurance market value forecast: $ billion, 2020 - 25
Figure 5: Forces driving competition in the insurance market in the Middle East, 2020
Figure 6: Drivers of buyer power in the insurance market in the Middle East, 2020
Figure 7: Drivers of supplier power in the insurance market in the Middle East, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the Middle East, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in the Middle East, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in the Middle East, 2020
Figure 11: Middle East insurance market share: % share, by value, 2020

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Harel Insurance Investments and Financial Services Ltd
The Phoenix Holdings Ltd
Bupa Arabia for Cooperative Insurance Company

Table Information

Report Attribute	Details
No. of Pages	43
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 44 Billion
Forecasted Market Value ( USD ) by 2025	$ 51.1 Billion
Compound Annual Growth Rate	3.0%
Regions Covered	Middle East

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€344EUR$350USD£287GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€687EUR$700USD£574GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€1031EUR$1,050USD£862GBP

Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

Table Information

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