News Middle East08 Jun 2022

Saudi Arabia:Motor losses render 1Q2022 extremely challenging for insurers

| 08 Jun 2022

The first quarter of this year continued to be extremely challenging for the Saudi insurance market, and brought higher losses following 2021 which was already one of the toughest years for profitability in the kingdom's insurance sector, says Badri Management Consultancy. Most of the 1Q2022 loss was from motor insurance business.

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