Insurance market, 13% growth expected in 2013

Insurance professionals are optimistic, expecting a 13% growth in premiums volume in 2013. After the 15% increase in the State budget for the current year and the willingness of the authorities to increase direct investment in education and health, insurers find in these decisions good opportunities for development for property damage and health insurance. Premium volume in Saudi Arabia grew by 117% between 2007 and 2011. State expenditure are at the origin of this premium growth.