Saudi insurance market has posted 42 billion USD of premiums in five years’ time

The overall premiums underwritten by Saudi insurers in the course of the recent five years have reached 158 billion SAR (42.1 billion USD). Health insurance accounts for 52% of this amount, that is, 82 billion SAR (21.9 billion USD).

The non life class of business comes second with 45.5% of the market, that is, 72 billion SAR (19.2 billion USD).

Retirement and Savings insurance has reaped only 4 billion SAR (1 billion USD) in premiums, that is, 2.5% of the overall premium volume underwritten.

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• Insurance industry in Saudi Arabia