Saudi Arabia:Direct channel dominates sales but market share dips

By MEIR team | 08 May 2024

Saudi Arabia Life & Health Brokers Property & Casualty Agents/Advisors

The sales of insurance policies directly by insurance companies still dominate the Saudi insurance market, as the percentage of policies sold through insurers was around 50.3% in 2023, compared to 46.1% through insurance brokers and 3.6% by insurance agencies.

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