The Saudi insurance sector is projected to maintain a positive and strong growth trajectory in 2025, with top-line revenue growth forecast to fall in the double-digit zone, says the Insurance Authority (IA).
This new company, yet to be named, will provide critical underwriting capabilities, underpinned by cutting-edge AI technologies, to help accelerate growth of the insurance and capital market ecosystem in the Gulf region and support the continued evolution of regional capital markets.
Microinsurance is no longer merely a limited-impact insurance product, but has become one of the key tools for achieving economic and social empowerment for marginalised groups and those with limited income, said the vice chairman of the Financial Regulatory Authority (FRA), Dr Islam Azzam.