Sustained growth of the Saudi insurance market in the 2011 third quarter

The Saudi insurance market continues its growth reporting a 22% increase of its turnover in the first three quarters of 2011. Among the four leading companies on the market, UCA reported on September 30, 2011 a turnover of 822 million SAR (219 million USD), a 15% rise in comparison with the same period of 2010. Its results for the same period amount to 31.5 million SAR (8.4 million USD).