Insurance in United Arab Emirates

Insurance in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). 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 Emirati insurance market had total gross written premiums of $12.5bn in 2018, representing a compound annual growth rate (CAGR) of 10.8% between 2014 and 2018.

– The non-life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $9.6bn, equivalent to 77.1% of the market's overall value.

– The significant slowdown of the domestic economy in 2018 is largely due to the fall of oil prices, with economic activities dropping that year having a knock on effect on commercial lines of insurance.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in United Arab Emirates

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in United Arab Emirates

– 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 United Arab Emirates insurance market with five year forecasts

Reasons to buy

- What was the size of the United Arab Emirates insurance market by value in 2018?

- What will be the size of the United Arab Emirates insurance market in 2023?

- What factors are affecting the strength of competition in the United Arab Emirates insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in United Arab Emirates's insurance market?

Companies mentioned

Oman Insurance Co

Orient Insurance Company PJSC

Al Ain Ahlia Insurance Company PSC

Abu Dhabi National Insurance Company PSC

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 the leading players follow?

8 Company Profiles

8.1. Oman Insurance Co

8.2. Orient Insurance Company PJSC

8.3. Al Ain Ahlia Insurance Company PSC

8.4. Abu Dhabi National Insurance Company PSC

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: United Arab Emirates insurance market value: $ billion, 2014-18

Table 2: United Arab Emirates insurance market category segmentation: $ billion, 2018

Table 3: United Arab Emirates insurance market geography segmentation: $ billion, 2018

Table 4: United Arab Emirates insurance market value forecast: $ billion, 2018-23

Table 5: United Arab Emirates insurance market share: % share, by value, 2018

Table 6: Oman Insurance Co: key facts

Table 7: Oman Insurance Co: Annual Financial Ratios

Table 8: Oman Insurance Co: Key Employees

Table 9: Orient Insurance Company PJSC: key facts

Table 10: Orient Insurance Company PJSC: Key Employees

Table 11: Al Ain Ahlia Insurance Company PSC: key facts

Table 12: Al Ain Ahlia Insurance Company PSC: Annual Financial Ratios

Table 13: Al Ain Ahlia Insurance Company PSC: Key Employees

Table 14: Abu Dhabi National Insurance Company PSC: key facts

Table 15: Abu Dhabi National Insurance Company PSC: Annual Financial Ratios

Table 16: Abu Dhabi National Insurance Company PSC: Key Employees

Table 17: United Arab Emirates size of population (million), 2014-18

Table 18: United Arab Emirates gdp (constant 2005 prices, $ billion), 2014-18

Table 19: United Arab Emirates gdp (current prices, $ billion), 2014-18

Table 20: United Arab Emirates inflation, 2014-18

Table 21: United Arab Emirates consumer price index (absolute), 2014-18

Table 22: United Arab Emirates exchange rate, 2014-18

List of Figures

List of Figures

Figure 1: United Arab Emirates insurance market value: $ billion, 2014-18

Figure 2: United Arab Emirates insurance market category segmentation: % share, by value, 2018

Figure 3: United Arab Emirates insurance market geography segmentation: % share, by value, 2018

Figure 4: United Arab Emirates insurance market value forecast: $ billion, 2018-23

Figure 5: Forces driving competition in the insurance market in United Arab Emirates, 2018

Figure 6: Drivers of buyer power in the insurance market in United Arab Emirates, 2018

Figure 7: Drivers of supplier power in the insurance market in United Arab Emirates, 2018

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in United Arab Emirates, 2018

Figure 9: Factors influencing the threat of substitutes in the insurance market in United Arab Emirates, 2018

Figure 10: Drivers of degree of rivalry in the insurance market in United Arab Emirates, 2018

Figure 11: United Arab Emirates insurance market share: % share, by value, 2018

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