Saudi Arabia insurers largest Shariah-compliant sector
The continuing expansion of the Saudi economy should confirm the steady growth of the insurance sector.
Despite this, the rise of compulsory health insurance remains miniscule.
Of the G20 economies, few have grown their insurance sectors in a way that could match that of Saudi Arabia between 2005 and 2010. Life premiums have climbed from SR193 million to SR1.40 billion. Also non-life premiums have risen from SR4.96 billion to SR16.872 billion.
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