Saudi Arabia: Insurers target health coverage for 25m people by 2030

Source: Middle East Insurance Review | Feb 2024

The insurance sector aims to provide health insurance coverage to 25m people by 2030, when health insurance contribution to GDP is expected to reach SAR61bn ($16.3bn) by 2030 or about 2% of the GDP, according to a report by the Saudi Council of Health Insurance.

The number of Saudi health insurance beneficiaries grew by 18% to 11.5m by the end of 2022, reported The Saudi Gazette. Health insurance premiums in 2022 totalled SAR31.8bn, according to official statistics.

The Saudi health insurance sector has witnessed a significant expansion in the recent past, especially after the introduction of compulsory health insurance for workers in the private sector and their dependents.

The council has launched a national platform for health and insurance exchange services to raise the level of health insurance services. M

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