Saudi Arabia:Insurers see premium slowdown, yet several positive market factors prevail

By MEIR team | 18 Jun 2019

Saudi Arabia Life & Health Property & Casualty

Premiums in the Saudi insurance market in 2018 witnessed the first-ever noticeable slowdown when they declined by 4% to SAR34.2bn ($9.1bn). This decrease pulled down the compound annual growth rate for the market to 3% for the last five years (2014-2018), down from 10% at the end of last year (2013-2017), according to an analysis by Arabian Shield Insurance in its report titled "Saudi Insurance Market 2018".

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