Profitability in the Saudi insurance market has been volatile over time, with competitive pressures driving frequent changes in the pricing cycle, said Moody's Ratings.
Four main themes will be discussed at the Global Insurance Conference & Exhibition ingate, set to be held in Riyadh on 10-12 November.
The Company for Cooperative Insurance (Tawuniya) plans to launch a reinsurance company by the end of 2025, pending key approvals from regulatory and supervisory authorities, revealed Tawuniya CEO Othman Alkassabi.
The Saudi Insurance Authority will be organising a global insurance conference and exhibition in Diriyah from 10-12 November 2025.
Saudi Arabia and Bermuda will collaborate to build on the kingdom's financial services industry particularly in insurance.
Saudi Reinsurance Company's (Saudi Re) reinsurance revenues surged by 45.27% year-on-year (YoY) to SAR1.19bn ($317.3m) in the first nine months of this year (9M2025) from SAR824.15m in 3Q2024.
Al Sagr Cooperative Insurance has announced the Board of Directors' resolution issued on 24 September 2025, approving the appointment of Mrs Dalal Abdullah Ibrahim Burhan as CEO, according to news platform, Saudi Exchange.
The Saudi Stock Exchange (Tadawul) has announced the suspension of trading in Buruj Insurance Company (Buruj) shares, pending the commencement of procedures to delist the stock permanently, following the merger of Buruj with the Mediterranean and Gulf Insurance and Reinsurance Cooperative Company (MedGulf).
The Ministry of Commerce has warned retailers, car dealerships, and all entities against offering "extended warranty" products without obtaining a licence from the Insurance Authority.
Saudi Reinsurance Company (Saudi Re) has announced that its shareholders have approved an increase in the company's capital to SAR1.698bn ($452.8m) from SAR1.158bn, the reinsurer said in a statement.