Saudi insurance market in 2019: Turnover by class of business
Figures in thousands
Class of business | Turnover 2019 | Turnover 2018 | 2018-2019 evolution* | 2019 shares | ||
---|---|---|---|---|---|---|
In SAR | In USD | In SAR | In USD | |||
Health | 22 474 900 | 5 985 291 | 19 883 400 | 5 293 160 | 13.03% | 59.31% |
Motor | 8 603 700 | 2 291 251 | 9 423 400 | 2 508 603 | -8.70% | 22.71% |
Fire and property damage | 1 844 700 | 491 262 | 1 697 900 | 451 998 | 8.65% | 4.87% |
Engineering | 1 198 400 | 319 146 | 701 700 | 186 800 | 70.79% | 3.16% |
Accident and third party liability | 1 121 400 | 298 640 | 1 001 300 | 266 556 | 11.99% | 2.96% |
Energy | 700 400 | 186 524 | 511 500 | 136 166 | 36.93% | 1.85% |
Marine | 653 600 | 174 060 | 544 600 | 144 978 | 20.01% | 1.72% |
Aviation | 158 500 | 42 210 | 148 000 | 39 399 | 7.09% | 0.42% |
Total non-life | 36 755 600 | 9 788 384 | 33 911 800 | 9 027 660 | 8.39% | 97.00% |
Protection & savings premiums | 1 134 900 | 302 235 | 1 102 700 | 293 550 | 2.92% | 3.00% |
Grand total | 37 890 500 | 10 090 619 | 35 014 500 | 9 321 210 | 8.21% | 100% |
* Evolution in local currency
Read also | Top 30 insurance companies in Saudi Arabia
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