Saudi insurance market in 2022
In thousands
| Class of business | 2022 turnover | 2021-2022 evolution (1) | 2022 shares | |
|---|---|---|---|---|
| En SAR | En USD | |||
| Health | 31 829 800 | 8 476 276 | 26.76% | 59.65% |
| Motor | 10 340 600 | 2 753 702 | 26.68% | 19.38% |
| Accident and third party liability | 2 675 700 | 712 539 | 68.66% | 5.01% |
| Property damage and fire | 2 463 100 | 655 923 | 7.93% | 4.62% |
| Energy | 1 652 700 | 440 114 | 27.59% | 3.10% |
| Engineering | 1 593 800 | 424 429 | 59.06% | 2.99% |
| Marine | 692 300 | 184 359 | -0.57% | 1.30% |
| Aviation | 234 600 | 62 474 | 24.06% | 0.44% |
| Total non life | 51 482 600 | 13 709 816 | 27.67% | 96.49% |
| Savings & pension | 1 873 600 | 498 940 | 9.75% | 3.51% |
| Grand total | 53 356 200 | 14 208 756 | 26.95% | 100% |
(1) Evolution in local currency
Exchange rate as at 31/12/2022 : 1 SAR = 0.2663 USD
Read also | Saudi insurance market as at 30 September 2022
