Saudi insurers disbursed 27.5 billion USD in five years

The overall compensations disbursed by Saudi insurers in the course of the last five years, amounted to nearly 103 billion SAR (27.5 billion USD).

Health insurance accounts for 61% of this amount, that is, 62 billion SAR (16.6 billion USD). The non life class of business comes second with 37% of the compensations, that is, 38 billion SAR (10.2 billion USD).

“The retirement and savings plan” account for only 2.5 billion SAR (667 million USD) that is, 2% of the volume of the paid claims.

More news:

• The insurance industry in Saudi Arabia