Summary Life Insurance in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
The market is segmented into Life Insurance and Pension/Annuity.
The Middle Eastern life insurance market had total gross written premiums of $15.9 billion in 2022, representing a compound annual growth rate (CAGR) of 3.3% between 2017 and 2022.
The life insurance segment accounted for the market's largest proportion in 2022, with total gross written premiums of $12.7 billion, equivalent to 80.2% of the market's overall value.
Life insurance coverage in the Israeli population is relatively high as compared to other Middle Eastern markets. According to in-house research, in 2022, life insurance penetration (ratio of premiums to GDP) in Israel was 2.6% as compared to 0.5% in the UAE and 0.4% in Egypt.
Scope
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Middle East
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Middle East
Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Middle East life insurance market with five year forecasts
Reasons to Buy
What was the size of the Middle East life insurance market by value in 2022?
What will be the size of the Middle East life insurance market in 2027?
What factors are affecting the strength of competition in the Middle East life insurance market?
How has the market performed over the last five years?
What are the main segments that make up Middle East's life insurance market?
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 the leading players follow?
7.4. What are the strengths of the leading players?
8 Company Profiles
8.1. Clal Insurance Enterprises Holdings Ltd
8.2. Harel Insurance Investments and Financial Services Ltd
8.3. Migdal Insurance & Financial Holdings Ltd
8.4. The Phoenix Insurance Company Ltd.
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: Middle East life insurance market value: $ billion, 2017–22
Table 2: Middle East life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Middle East life insurance market category segmentation: $ billion, 2017-2022
Table 4: Middle East life insurance market geography segmentation: $ billion, 2022
Table 5: Middle East life insurance market value forecast: $ billion, 2022–27
Table 6: Middle East life insurance market share: % share, by value, 2022