Saudi Arabia – Insurance premiums increase to SAR 36 billion
Saturday, 03 04 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
A report of Standard & Poor’s revealed the preparedness of insurance companies in the kingdom to enter merger and acquisition deals in order to strengthen their financial positions. This follows the good results achieved by the sector last year.
The report published by “National Business” yesterday said that the written premiums increased to SAR 36 billion with a 0.5 percent increase compared to the previous year. The report confirms the improvement in results follows the new procedures introduced in the field of motor insurance and the labor market.
Source: Al Madina newspaper