Health insurance accounts for nearly 55% of the market premiums

Since its entry into force in 2004, compulsory health insurance is steadily increasing in the country. According to a recent survey by Standard & Poor's, this industry represents nearly 55% of the turnover of the Saudi market in 2012 (that is 2 972 267 000 USD) against 40% in 2008 (1 280 826 000 USD).
The compulsory health insurance scheme is now the norm in most countries in the region like the UAE where this segment accounted for 32% of premiums in 2012.