Sector: Insurance

The GCC insurance industry has grown consistently in recent years, propelled by the economic rebound following the COVID-19 slowdown and the successful implementation and advancement of mandatory health insurance across the GCC countries. This positive trajectory is expected to accelerate in the long term, fueled by sustained economic diversification initiatives, population growth, and substantial infrastructure development within the region. The industry is experiencing a surge in M&A activities driven by the strategic plans of the operators to expand their geographical presence. Increased operating expenses, regulatory changes, competitive pressures, and a scarcity of available insurance licenses are further driving sector consolidation.

Alpen Capital’s comprehensive industry research reports on the insurance sector feature forecasts on the size of the market comprising of life and non-life insurance segments, along with in-depth analysis on recent trends, growth drivers and challenges facing the industry. Furthermore, the report also profiles select insurance companies in the region.