Price quotes submitted so far for 1 April reinsurance agreements indicate that no exceptions have been included, with a pragmatic approach being adopted in dealing with the vulnerabilities associated with the Middle East region, according to the...
Reinsurance capacity remains plentiful in the marine branch and there has not been any bounce in pricing - reinsurers are determined not to lose their hard-fought market share whilst those looking to grow continue to drive helpful competition, according to a report published by Gallagher Re.
The Saudi insurance industry's profits (after zakat & tax) declined significantly by 36% year-on-year to SAR2.0bn ($533m) in 2025 from SAR3.2bn in 2024, according to BADRI Management Consultancy, an international actuarial and risk management consulting firm.