GCC Takaful Market: Market Size, Forecast, Insights, and Competitive Landscape

The GCC takaful market is expected to grow at a CAGR of around 12.1% during 2022-2028. This report on GCC takaful market provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the GCC takaful by categorising the market based on various segments including detailed regional segmentation. Also, detailed profiles of companies operating in the GCC takaful market are provided in this report, which includes company description, business overview, product portfolio, and financial details.

This report provides an in-depth analysis of overall market and its segments. The historic numbers and forecasts are provided for each of the segments and for the countries covered in the report. This report also includes a detailed impact of COVID-19 pandemic on the GCC takaful market.

Apart from the quantitative analysis, the report also provides qualitative analysis, including SWOT analysis, porter’s five forces, and value chain of the industry. It also includes descriptive market drivers, opportunities, on-going & future trends, and challenges. 

We believe that this report will aid the professionals and industry stakeholders in making informed decision.

 

Historical & Forecast Period

Base Year: 2021

Historical Period: 2017-2020

Forecast Period: 2022-2028

 

 GCC Takaful Market 

 

Market by Insurance Type: 

• Family Takaful
• General Takaful 

Market by Distribution Channel: 

• Offline Channel
• Online Channel 

Market by Application:

• Personal
• Commercial 

Market by Countries:

• Bahrain
• Kuwait
• Oman
• Qatar
• Saudi Arabia
• UAE

Companies included in this report: 

• Abu Dhabi National Takaful Co.
• Allianz
• AMAN Insurance
• Islamic Insurance
• Prudential BSN Takaful Berhad
• Qatar Islamic Insurance
• SALAMA Islamic Arab Insurance Company
• Syarikat Takaful Brunei Darussalam
• Takaful International

 

Research Methodology:

During the course of the research study, we conducted extensive primary and secondary research on the GCC takaful. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper growth in the market.

Comprehensive primary and secondary methods helped us to identify trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis.

Post secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide accurate market scenario in our report.

 

Key Highlights of Report

• Overview of the GCC takaful market.
• Analysis of market trends, historical data, market estimates for the base year, and projections of compound annual growth rates (CAGRs) through the forecast period
• Profiles of the key companies
• SWOT analysis, Porter’s five forces, and value chain analysis of GCC takaful

 

Key Questions Answered in the Report

• What will be the GCC takaful market size and the growth rate in the coming year?
• What are the main key factors driving the market?
• What are the key market trends impacting the growth of the market?
• What are the market opportunities and threats in the market?
• What industrial trends, drivers and challenges are manipulating its growth?
• Which are trending factors influencing the market shares of the top companies?
• Who are the key market players in the industry?
• What is the degree of competition in the industry?
• What is the impact of COVID-19 on the current industry?

1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. GCC Takaful Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. GCC Takaful Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
5. Southeast Asia Takaful Market by Insurance Type
5.1. Introduction
5.2. Family Takaful
5.3. General Takaful
6. Southeast Asia takaful Market by Distribution Channel
6.1. Introduction
6.2. Offline Channel
6.3. Online Channel
7. Southeast Asia Takaful Market by Application
7.1. Introduction
7.2. Personal
7.3. Commercial
8. GCC Takaful Market by Country
8.1. Introduction
8.2. Bahrain
8.3. Kuwait
8.4. Oman
8.5. Qatar
8.6. Saudi Arabia
8.7. UAE
9. SWOT Analysis
10. Porter’s Five Forces
11. Market Value Chain Analysis
12. Competitive Landscape
12.1. Competitive Scenario
12.2. Company Profiles
12.2.1. Abu Dhabi National Takaful Co.
12.2.2. Allianz
12.2.3. AMAN Insurance
12.2.4. Islamic Insurance
12.2.5. Prudential BSN Takaful Berhad
12.2.6. Qatar Islamic Insurance
12.2.7. SALAMA Islamic Arab Insurance Company
12.2.8. Syarikat Takaful Brunei Darussalam
12.2.9. Takaful International

List of Figures

Figure 1: GCC Takaful Market (in US$ Million), 2017-2021
Figure 2: GCC Takaful Market by Insurance Type, 2021
Figure 3: GCC Takaful Market by Distribution Channel, 2021
Figure 4: GCC Takaful Market by Application, 2021
Figure 5: GCC Takaful Market by Country, 2021
Figure 6: GCC Takaful Market (in US$ Million), 2022-2028
Figure 7: GCC Takaful Market by Insurance Type (in %), 2021 & 2028
Figure 8: GCC Family Takaful market (in US$ Million), 2017-2021
Figure 9: GCC Family Takaful market (in US$ Million), 2022-2028
Figure 10: GCC General Takaful market (in US$ Million), 2017-2021
Figure 11: GCC General Takaful market (in US$ Million), 2022-2028
Figure 12: GCC Takaful Market by Distribution Channel (in %), 2021 & 2028
Figure 13: GCC Offline Takaful market (in US$ Million), 2017-2021
Figure 14: GCC Offline Takaful market (in US$ Million), 2022-2028
Figure 15: GCC Online Takaful market (in US$ Million), 2017-2021
Figure 16: GCC Online Takaful market (in US$ Million), 2022-2028
Figure 17: GCC Takaful Market by Application (in %), 2021 & 2028
Figure 18: GCC Personal Takaful market (in US$ Million), 2017-2021
Figure 19: GCC Personal Takaful market (in US$ Million), 2022-2028
Figure 20: GCC Commercial Takaful market (in US$ Million), 2017-2021
Figure 21: GCC Commercial Takaful market (in US$ Million), 2022-2028
Figure 22: GCC Takaful Market by Country (in %), 2021 & 2028
Figure 23: Bahrain Takaful Market (in US$ Million), 2017-2021
Figure 24: Bahrain Takaful Market (in US$ Million), 2022-2028
Figure 25: Kuwait Takaful Market (in US$ Million), 2017-2021
Figure 26: Kuwait Takaful Market (in US$ Million), 2022-2028
Figure 27: Oman Takaful Market (in US$ Million), 2017-2021
Figure 28: Oman Takaful Market (in US$ Million), 2022-2028
Figure 29: Qatar Takaful Market (in US$ Million), 2017-2021
Figure 30: Qatar Takaful Market (in US$ Million), 2022-2028
Figure 31: Saudi Arabia Takaful Market (in US$ Million), 2017-2021
Figure 32: Saudi Arabia Takaful Market (in US$ Million), 2022-2028
Figure 33: UAE Takaful Market (in US$ Million), 2017-2021
Figure 34: UAE Takaful Market (in US$ Million), 2022-2028
Figure 35: Market Value Chain

 

List of Tables

Table 1: GCC Takaful Market Portraiture
Table 2: GCC Takaful Market by Product Type (in US$ Million), 2021 & 2028
Table 3: GCC Takaful Market by Distribution Channel (in US$ Million), 2021 & 2028
Table 4: GCC Takaful Market by Application (in US$ Million), 2021 & 2028
Table 5: GCC Takaful Market by Country (in US$ Million), 2021 & 2028
Table 6: List of Key Players