The Saudi Arabia Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.
BMI's Saudi Arabia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Saudi insurance industry.
-Benchmark BMI's independent insurance industry forecasts for Saudi Arabia to test other views - a key input for successful budgeting and strategic business planning in Saudi Arabia's insurance market.
-Target business opportunities and risks in Saudi Arabia through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
-Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
Summary of BMIâ€™s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2005-2014) and forecasts to end-2019 for key industry indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:
-Life/non-life Premiums: Total premium growth (USDmn), premium growth (% y-o-y), penetration (% of GDP), density (USD per capita) for Life and Non-Life sectors, claims reinsurance, and assets and liabilities.
-Non-life subsectors: Data on gross written premiums for all major Non-Life segments (motor, transport, property, personal accident, health, general liability and credit financial).
BMIâ€™s Insurance Risk Reward Index
BMIâ€™s Risk Reward Indices provide investors (Life and Non-Life) looking for opportunities in the region with a clear country-comparative assessment of a marketâ€™s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an indices of highest to lowest appeal to investors, with each position explained.
Examines the competitive positioning and short- to medium-term business strategies of key industry players. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.
Growth Drivers & Risk Management Projections
Key data and forecasts to end-2019 focusing on the growth drivers and downside risks to specific insurance lines including:
-Population: Male/female, by age group, active/pensionable/youth population % of total, urban/rural population % of total.
-Freight: Tonnage â€“ air freight, rail freight, road freight, inland waterway.
-Motor: Fleet size by type of vehicle % change y-o-y.
-Epidemiology: Disease Adjusted Life Years and private health expenditure.
Market Overview & Rankings
Illustration of the insurance industry via rankings tables comparing gross written premiums by company (USDmn) and market share (%) for the top 20 players in both Life and Non-Life. This chapter also includes in-depth regional analysis of the market position, business strategies and investment potential of the leading insurance companies.
The insurance Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.
BMI Industry View . 5
Table: Headline Insurance Forecasts (Saudi Arabia 2013-2020) . . . 5
SWOT .. 6
Insurance ..... 6
Industry Forecast .. 8
Life Premiums Forecast ...... 8
Table: Life Premiums (Saudi Arabia 2013-2020) 10
Table: Life Insurance Claims (Saudi Arabia 2008-2014) . . . . 11
Non-Life Premiums Forecast ....... 12
Table: Non-Life Premiums (Saudi Arabia 2013-2020) . 15
Table: Non-Life Insurance Claims (Saudi Arabia 2009-2015) . . . . . 16
Non-Life Sub-Sector Forecast ...... 17
Table: Non-Life Insurance Premiums by Product Line (Saudi Arabia 2013-2020) . . 24
Insurance Risk/Reward Index 25
MENA Insurance Risk/Reward Index ....... 25
Table: MENA Insurance Risk/Reward Index - Q416 . . . 26
Market Overview . 27
Life Market Overview ....... 27
Product Offering .. 27
Competitive Landscape ... 27
Non-Life Market Overview 28
Product Offering .. 28
Competitive Landscape ... 28
Table: Non-Life Insurance Market (USDmn), 2007-2012 . . . . 30
Table: Non-Life Insurance Market (%), 2007-2012 . . . . 31
Company Profile .. 32
Islamic Arab Insurance Company (Salama) ........ 32
MedGulf .... 34
Tawuniya ... 36
Methodology ........ 39
Industry Forecast Methodology .. 39
Sector-Specific Methodology ...... 40
Risk/Reward Index Methodology . 42
Table: Indicators . . . . 44
Table: Weighting of Indicators . 45
Saudi Arabia Infrastructure Report
BMI View: We significantly downgraded our short-term outlook for the Saudi
Arabian construction sector on the back of liquidity in the market severely
drying up, following a reduction in government spending. Beyond 2016 the goals
of Vision 2030 will be key to opening up the infrastructure market with the
potential of private investment
Saudi Arabia Pharmaceuticals and Healthcare Report
BMI View: The combined value of Saudi Arabia's pharmaceutical and healthcare
markets is the largest in the Middle East and Africa region. The Kingdom's
National Transformation Program, a key part of Vision 2030, reinstates the
government's commitment to improving healthcare provision in the country.
Nonetheless, the rising burden of non
Saudi Arabia Petrochemicals Report
The Saudi government is targeting national petrochemicals output of 115mn
tonnes in 2016, which represents a 46% increase since 2013. There are 26
petrochemicals projects under construction at a cost of USD15bn while another 42
are planned over the next five years at an estimated cost of USD46bn. However,
there is the ongoing threat fro