Saudi Arabia – 80% insurance growth by year 2022
Wednesday, 01 04 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
Record insurance sector profits are expected in 2016 compared to the results of the first half of the same year. However, some sources said that a few companies have accumulated losses, which have to be treated scientifically in order to avoid repercussions on the Saudi capital markets. Moreover, an expert expects the insurance sector to achieve a growth rate of 80% over the next future six years given the improvement in insurance awareness and the rising demand of commercial companies for all classes of insurance.
Source: Al Riyadh