Middle East Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

Publication ID:

MLI09230569

Publication Date:

March 15, 2023

Pages:

Publisher:

MarketLine

Countries:

Middle East [1]

USD 350.00

Insurance [2]

Country Overview (Banking & Finance) [3]

Banking & Finance [4]

Description:

Middle East Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

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 value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Middle East life insurance market had total gross written premiums of $16.49 billion in 2022, representing a compound annual growth rate (CAGR) of 3.3% between 2017 and 2022.
- The life insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $13.6 billion, equivalent to 82.8% of the market's overall value.
- The Middle East economy grew by 5.5% in 2022. Total disposable income in the Middle East and Africa is set to almost double by 2040, driven by economic diversification efforts within oil-dependent countries, as well as rising agricultural productivity and a shift towards higher-value-added sectors in sub-Saharan Africa.

Scope

- Save time carrying out entry-level research by identifying the size, growth, 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鈥� 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?
- How large is Middle East鈥檚 life insurance market in relation to its regional counterparts?

Table Of Contents:

Table of Contents
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. Which was the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. Clal Insurance Enterprises Holdings Ltd
8.2. Harel Insurance Investments and Financial Services Ltd
8.3. Migdal Insurance Co 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
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鈥�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
Table 7: Clal Insurance Enterprises Holdings Ltd: key facts
Table 8: Clal Insurance Enterprises Holdings Ltd: Annual Financial Ratios
Table 9: Clal Insurance Enterprises Holdings Ltd: Key Employees
Table 10: Clal Insurance Enterprises Holdings Ltd: Key Employees Continued
Table 11: Harel Insurance Investments and Financial Services Ltd: key facts
Table 12: Harel Insurance Investments and Financial Services Ltd: Annual Financial Ratios
Table 13: Harel Insurance Investments and Financial Services Ltd: Key Employees
Table 14: Migdal Insurance Co Ltd: key facts
Table 15: The Phoenix Insurance Company Ltd.: key facts
Table 16: Middle East size of population (million), 2018鈥�22
Table 17: Middle East gdp (constant 2005 prices, $ billion), 2018鈥�22
Table 18: Middle East gdp (current prices, $ billion), 2018鈥�22
Table 19: Middle East inflation, 2018鈥�22
Table 20: Middle East consumer price index (absolute), 2018鈥�22
Table 21: Middle East exchange rate, 2017鈥�21

List of Figures
List of Figures
Figure 1: Middle East life insurance market value: $ billion, 2017-22
Figure 2: Middle East life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Middle East life insurance market geography segmentation: % share, by value, 2022
Figure 4: Middle East life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in the Middle East, 2022
Figure 6: Drivers of buyer power in the life insurance market in the Middle East, 2022
Figure 7: Drivers of supplier power in the life insurance market in the Middle East, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the Middle East, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the Middle East, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in the Middle East, 2022
Figure 11: Middle East life insurance market share: % share, by value, 2022

Companies Mentioned:

Clal Insurance Enterprises Holdings Ltd
Harel Insurance Investments and Financial Services Ltd
Migdal Insurance Co Ltd
The Phoenix Insurance Company Ltd.

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