On average, Saudi people spend 992 SAR (264 USD) per capita and per year on insurance. This amount accounts for just 30% of the expenses disbursed by an Emirati, 6.6% by an American and 4.8% by a British.
The contribution of the insurance sector to Saudi GDP is also deemed inadequate. It is set at 1.1% compared to 6% at the global level.
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