The sector’s overall turnover has been estimated at 36.37 billion SAR (9.7 billion USD). The premiums generated by the health class of business jumped by 20% in 2015, attaining 18.96 billion SAR (5 billion USD.
With a market share of 52%, health is the country’s first class of business. Bupa Arabia, Tawuniya and Medgulf, alone, account for 79% of the health insurance premiums, 39% of which by Bupa Arabia. With 10.6 billion SAR in premiums (2.82 billion USD), the motor insurance comes second in terms of the most written risks in the kingdom. Its year-on-year progression is of 32% while its market share amounts to 29%. It is Malath Insurance that dominates the motor class of business with 1.59 billion SAR (423.98 million USD) and a market share estimated at 15%.