Saudi Arabia 2006
Gross written premiums by class of business: 2005 & 2006
in thousands USD| Classes | 2005 | Market shares | 2006 | Market shares |
|---|---|---|---|---|
Motor | 423 301 | 30.8% | 512 079 | 27.7% |
Fire & property | 171 609 | 12.5% | 205 130 | 11.1% |
Marine | 101 872 | 7.4% | 115 046 | 6.2% |
Aviation | 36 028 | 2.6% | 33 628 | 1.8% |
Energy | 32 428 | 2.4% | 33 788 | 1.8% |
Engineering | 79 044 | 5.8% | 144 994 | 7.8% |
TPL & misc. accident | 113 072 | 8.2% | 154 568 | 8.4% |
Non life total | 957 355 | 69.7% | 1 199 233 | 64.8% |
Life | 365 432 | 26.6% | 592 616 | 32.0% |
Protection & savings | 51 523 | 3.7% | 58 110 | 3.1% |
Grand total | 1 374 309 | 100% | 1 849 959 | 100% |
Net written premiums by class of business & retention ratio
in thousands USD| Classes | 2005 | Retention ratio* | 2006 | Retention ratio* |
|---|---|---|---|---|
Motor | 396 526 | 93.7% | 483 784 | 94.5% |
Fire & property | 18 454 | 10.8% | 21 548 | 10.5% |
Marine | 30 055 | 29.5% | 33 175 | 28.8% |
Aviation | 1 067 | 2.9% | 1 147 | 3.4% |
Energy | 0 | 0% | 0 | 0% |
Engineering | 15 201 | 19.2% | 22 454 | 15.5% |
TPL & misc. accident | 48 722 | 43.1% | 64 910 | 42% |
Non life total | 510 026 | 53.3% | 627 018 | 52.3% |
Life | 294 964 | 80.7% | 491 358 | 82.9% |
Protection & savings | 39 922 | 77.5% | 40 855 | 70.3% |
Grand total | 844 912 | 61.5% | 1 159 231 | 62.6% |
Exchange rate SAR/USD as at 31/12 | 2005 | 2006 |
0.26668 | 0.26668 |
