Middle East Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Middle East non-life insurance market had total gross written premiums of $34.2 billion in 2022, representing a compound annual growth rate (CAGR) of 3.5% between 2017 and 2022.
- The motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $12.1 billion, equivalent to 35.4% of the market's overall value.
- The Middle East non-life insurance market showed a strong recovery in 2021 and 2022, following the decline in 2020, due to COVID-19 impact.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Middle East
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Middle East
- 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 Middle East non-life insurance market with five year forecasts
- What was the size of the Middle East non-life insurance market by value in 2022?
- What will be the size of the Middle East non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Middle East non-life insurance market?
- How has the market performed over the last five years?
- 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. What has been the rationale behind recent M&A activity?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Bupa Arabia for Cooperative Insurance Company
- 8.2. Harel Insurance Investments and Financial Services Ltd
- 8.3. The Phoenix Holdings Ltd
- 8.4. The Company for Cooperative Insurance
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Middle East non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Middle East non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Middle East non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Middle East non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Middle East non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Middle East non-life insurance market share: % share, by value, 2022(e)
- Table 7: Bupa Arabia for Cooperative Insurance Company: key facts
- Table 8: Bupa Arabia for Cooperative Insurance Company: Annual Financial Ratios
- Table 9: Bupa Arabia for Cooperative Insurance Company: Key Employees
- Table 10: Harel Insurance Investments and Financial Services Ltd: key facts
- Table 11: Harel Insurance Investments and Financial Services Ltd: Annual Financial Ratios
- Table 12: Harel Insurance Investments and Financial Services Ltd: Key Employees
- Table 13: The Phoenix Holdings Ltd: key facts
- Table 14: The Phoenix Holdings Ltd: Annual Financial Ratios
- Table 15: The Phoenix Holdings Ltd: Key Employees
- Table 16: The Phoenix Holdings Ltd: Key Employees Continued
- Table 17: The Company for Cooperative Insurance: key facts
- Table 18: The Company for Cooperative Insurance: Annual Financial Ratios
- Table 19: The Company for Cooperative Insurance: Key Employees
- Table 20: Middle East size of population (million), 2018–22
- Table 21: Middle East gdp (constant 2005 prices, $ billion), 2018–22
- Table 22: Middle East gdp (current prices, $ billion), 2018–22
- Table 23: Middle East inflation, 2018–22
- Table 24: Middle East consumer price index (absolute), 2018–22
- Table 25: Middle East exchange rate, 2017–21
- List of Figures
- Figure 1: Middle East non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Middle East non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Middle East non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Middle East non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in the Middle East, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in the Middle East, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in the Middle East, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in the Middle East, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in the Middle East, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in the Middle East, 2022
- Figure 11: Middle East non-life insurance market share: % share, by value, 2022(e)
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