Yemen Insurance Industry – Key Trends and Opportunities to 2025
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The Yemen insurance market size was $58.4 million in 2021. The market is expected to grow at a CAGR of more than 26% from 2020 to 2025.
The Yemen insurance market research report provides a detailed outlook by product category for the Yemeni insurance industry. It provides values for key performance indicators such as gross written premium, penetration, premium ceded, profitability ratios, and premium by line of business, during the review period and forecast period. The report also analyzes distribution channels operating in the segment and gives a comprehensive overview of the Yemeni economy and demographics. Moreover, it provides detailed information on the competitive landscape in the country and includes details of insurance regulations and recent changes in the regulatory structure.
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Key Yemen Insurance Market Trends
Medical Insurance Specialist (MIS) Insurance has made the health insurance application form available on the company’s website to facilitate obtaining the company’s services and the appropriate price proposal.
Key Segments in The Yemen Insurance Market
The key segments in the Yemen insurance market are life insurance and general insurance.
Life insurance market in Yemen
As compared to emerging and developed countries, Yemen’s life insurance segment penetration rate has remained very low. The decline in the growth rate was mainly due to the COVID-19 pandemic, which caused lower economic activities and decreased the employment rate and household income in the country.
General insurance market in Yemen
The Yemen insurance industry was dominated by the general insurance segment in 2020. PA&H insurance was the highest contributing line in 2020, followed by miscellaneous insurance and motor insurance.
Yemen Insurance Market Analysis by Segments
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Leading Companies in The Yemen Insurance Market
Some of the leading insurance companies in Yemen are United Insurance Company (Yemen), Medical Insurance Specialist (MIS) Insurance, Yemen General Insurance, Aman Insurance Company (AIC), Al-Jazeera Insurance Company, Yemen Islamic Insurance Company, Mareb Yemen Insurance Company, Saba Yemen Insurance Company Limited, and Yemeni Qatari Insurance. United Insurance Company (Yemen) was the leading insurer in 2020.
Yemen Insurance Market Analysis by Companies
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Market Report Overview
Market size (2021) | $58.4 million |
CAGR (2020 – 2025) | >26% |
Key segments | Life Insurance and General Insurance |
Leading companies | United Insurance Company (Yemen), Medical Insurance Specialist (MIS) Insurance, Yemen General Insurance, Aman Insurance Company (AIC), Al-Jazeera Insurance Company, Yemen Islamic Insurance Company, Mareb Yemen Insurance Company, Saba Yemen Insurance Company Limited, and Yemeni Qatari Insurance |
Scope
This report provides a comprehensive analysis of the Yemeni insurance industry –
- It provides historical values for the Yemeni insurance industry for the report’s review period, and projected figures for the forecast period.
- It offers a detailed analysis of the key categories in the Yemeni insurance industry, and market forecasts till 2025.
- It profiles the top life insurance companies in Yemen and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Yemeni insurance industry, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the Yemeni insurance industry.
- Assess the competitive dynamics in the Yemeni insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Medical Insurance Specialist (MIS) Insurance
Yemen General Insurance Aman Insurance Company (AIC) Al-Jazeera Insurance Company Yemen Islamic Insurance Company Mareb Yemen Insurance Company Yemeni Qatari Insurance
Table of Contents
Frequently asked questions
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What was the Yemen insurance market size in 2021?
The insurance market size in Yemen was $58.4 million in 2021.
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What is the Yemen insurance market growth rate?
The insurance market in Yemen is expected to grow at a CAGR of more than 26% from 2020 to 2025.
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What are the key segments in the Yemen insurance market?
The key segments in the Yemen insurance market are life insurance and general insurance.
-
Which are the leading companies in the Yemen insurance industry?
Some of the leading companies in the Yemen insurance industry are United Insurance Company (Yemen), Medical Insurance Specialist (MIS) Insurance, Yemen General Insurance, Aman Insurance Company (AIC), Al-Jazeera Insurance Company, Yemen Islamic Insurance Company, Mareb Yemen Insurance Company, Saba Yemen Insurance Company Limited, and Yemeni Qatari Insurance.
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