+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Saudi Arabia Life Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2027

  • PDF Icon

    Report

  • 58 Pages
  • August 2023
  • Region: Saudi Arabia
  • GlobalData
  • ID: 5733393
The 'Saudi Arabia Life Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2027' report provides in-depth market analysis, information, and insights into Saudi Arabia's life insurance segment.

This report provides a detailed outlook by product category for Saudi Arabia's life insurance segment.

It provides values for key performance indicators such as gross written premium, penetration, and premium ceded and cession rates during the review period (2018-22) and forecast period (2023-27).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Saudi Arabia's economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together the publisher's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Key Highlights

  • Key insights and dynamics of Saudi Arabia's life insurance segment.
  • A comprehensive overview of Saudi Arabia's economy, government initiatives and investment opportunities.
  • Saudi Arabia's insurance regulatory framework's evolution, key facts, taxation regime, licensing and capital requirements.
  • Saudi Arabia's life insurance segment's market structure giving details of lines of business.
  • Saudi Arabia's life reinsurance business' market structure giving details of premium ceded along with cession rates.
  • Distribution channels deployed by Saudi Arabia's life insurers.
  • Details of the competitive landscape and competitors' profiles.

Scope

This report provides a comprehensive analysis of the life insurance segment in Saudi Arabia:
  • It provides historical values for Saudi Arabia life's insurance segment for the report's 2018-22 review period, and projected figures for the 2023-27 forecast period.
  • It profiles the top life insurance companies in Saudi Arabia and outlines the key regulations affecting them.

Reasons to Buy

  • Make strategic business decisions using in-depth historical and forecast market data related to Saudi Arabia's life insurance segment.
  • Understand the demand-side dynamics, key market trends, and growth opportunities in Saudi Arabia's life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.

Table of Contents

  • Executive Summary
  • Economy Overview
  • Regulatory and Compliance
  • Key Market Trends
  • Trends and KPIs
  • Distribution Channel
  • Competitive Landscape
  • Deals and Jobs
  • Competitor Profiles
  • Reinsurance
  • Appendix

Companies Mentioned (Partial List)

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

  • Al-Rajhi Company for Cooperative Insurance
  • Arabian Shield Cooperative Insurance
  • Aljazira Takaful Taawuni
  • Walaa Cooperative Insurance
  • Allianz Saudi Fransi Cooperative Insurance
  • Alinma Tokio Marine
  • Gulf Insurance Group (Saudi Arabia)
  • Wataniya Insurance