Market Research Industry Today

Middle East Reinsurance Market Size to Expand at a CAGR of 3.30% during 2024-2032

Reinsurance, the practice where an insurance company transfers portions of its risk portfolios to other parties to reduce the likelihood of paying a large obligation resulting from an insurance claim, is foundational in fostering a resilient financial environment.
Published 24 April 2024

Middle East Reinsurance Market Overview 2024-2032

 The latest report by IMARC Group, titled “Middle East Reinsurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the Middle East reinsurance market trends. The market size is projected to exhibit a growth rate (CAGR) of 3.30% during 2024-2032.

Reinsurance, the practice where an insurance company transfers portions of its risk portfolios to other parties to reduce the likelihood of paying a large obligation resulting from an insurance claim, is foundational in fostering a resilient financial environment. This process helps to mitigate risks and also enables insurance companies to increase their underwriting capacity. It allows insurers to take on more significant policies or numbers of policies without excessively concentrating risk. Reinsurance can be structured in various forms, including facultative reinsurance, which is negotiated for each policy, and treaty reinsurance, which covers a range of policies within a set period. This strategic tool is vital for maintaining insurers' solvency and capital efficiency, offering them leverage against underwriting risks and catastrophic events.

Middle East Reinsurance Market Trends and Drivers:

In the Middle East, the reinsurance market is driven by a combination of economic, regulatory, and technological factors. Economic expansion in key sectors such as construction, energy, and infrastructure projects across the region boosts the demand for insurance coverage and, correspondingly, for reinsurance. The regulatory frameworks in Middle Eastern countries are increasingly aligning with international standards, promoting transparency and reliability in the reinsurance market. This regulatory enhancement attracts more global players to the regional market, thereby increasing capacity and competition. Technological advancements are also pivotal, with digitalization and data analytics playing significant roles in shaping market dynamics. These technologies enable reinsurers to assess risks more accurately and tailor their offerings to meet the specific needs of the region. Moreover, geopolitical dynamics and the rising incidence of natural disasters have heightened awareness of the need for adequate risk management solutions, further propelling the growth of the reinsurance market in the Middle East. The ongoing market liberalization and economic diversification strategies adopted by several Middle Eastern countries are anticipated to keep the reinsurance market buoyant, reflecting the region’s growing influence in the global insurance and reinsurance sectors.

For an in-depth analysis, you can refer sample copy of the report:

Middle East Reinsurance Market 2024-2032 Analysis and Segmentation:

The report segmented the market on the basis of country, type, mode, distribution channel, and application.

Type Insights:

  • Facultative Reinsurance
  • Treaty Reinsurance
  • Proportional Reinsurance
  • Non-proportional Reinsurance

Mode Insights:

  • Online
  • Offline

Distribution Channel Insights:

  • Direct Writing
  • Broker

Application Insights:

  • Property and Casualty Reinsurance
  • Life and Health Reinsurance
  • Disease Insurance
  • Medical Insurance

Country Insights:

  • Saudi Arabia
  • Turkey
  • Israel
  • United Arab Emirates
  • Iran
  • Iraq
  • Qatar
  • Kuwait
  • Oman
  • Jordan
  • Bahrain
  • Others

Key highlights of the report:

  • Market Performance (2018-2023)
  • Market Outlook (2024- 2032)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Ask analyst for your customized sample:

Browse More Reports: 

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:


134 N 4th St. Brooklyn, NY 11249, USA


Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

Other Industry News

Ready to start publishing

Sign Up today!