Magazine date:
Dec 2004 The implementation next February of the health insurance scheme covering Saudi workers in the private sector is likely to boost the insurance market. According to a market official, health insurance, whose current turnover is estimated at 2 billion USD, should exceed 4.7 million USD within the next five years. Saudi Arabian Monetary Agency has reported that health insurance increased by 9.8% last year, reaching an amount of 70 million USD.