Published on Atlas Magazine (https://www.atlas-mag.net)

Saudi insurance market in 2022

Magazine Issue:

Ping An, symbol of a changing world [3]

Magazine date:

May 2023

In thousands

Class of business	2022 turnover		2021-2022 evolution ⁽¹⁾	2022 shares
Class of business	En SAR	En USD	2021-2022 evolution ⁽¹⁾	2022 shares
Health	31 829 800	8 476 276	26.76%	59.65%
Motor	10 340 600	2 753 702	26.68%	19.38%
Accident and third party liability	2 675 700	712 539	68.66%	5.01%
Property damage and fire	2 463 100	655 923	7.93%	4.62%
Energy	1 652 700	440 114	27.59%	3.10%
Engineering	1 593 800	424 429	59.06%	2.99%
Marine	692 300	184 359	-0.57%	1.30%
Aviation	234 600	62 474	24.06%	0.44%
Total non life	51 482 600	13 709 816	27.67%	96.49%
Savings & pension	1 873 600	498 940	9.75%	3.51%
Grand total	53 356 200	14 208 756	26.95%	100%

⁽¹⁾ Evolution in local currency
Exchange rate as at 31/12/2022 : 1 SAR = 0.2663 USD

Read also | Saudi insurance market as at 30 September 2022 [4]

Mon, 22/05/2023 - 11:36

Source URL: https://www.atlas-mag.net/en/article/saudi-insurance-market-in-2020

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-201-may-2023
[4] https://www.atlas-mag.net/en/category/pays/arabie-saoudite/saudi-insurance-market-as-at-30-september-2022