KSA - Financing and mortgages could boost insurance demand
Thursday, 03 24 2016, Category: Insurance and Reinsurance, Country: Saudi Arabia
“Al Bilad Capital” said that the construction and housing growth settled by real estate financing or mortgages is expected to increase the demand for different types of insurance such as insurance covering properties, accident, or life.
The research company added in its report of which “Mubasher” obtained a copy that the low interest rates contributed to the decrease in the investment sector return in the past few years. However, with the start of the increase on interest rates on the US Dollar in December 2015, the investment return will slightly increase in 2016.
The report issued on Wednesday clarified that the growth potential of the Saudi insurance sector will develop the activities of Gulf insurance brokerage companies or professional service companies related to the insurance sector.