Saudi Arabia – Travel insurance 0.3% of premiums
Monday, 08 14 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
Insurance sector experts confirmed to the “Al Jazirah” newspaper that travel insurance constitutes 0.3% of the total written premiums, which reached SAR 35 billion last year. The experts said that this low percentage in the kingdom is due to the absence of the travel insurance awareness.
The head of the insurance committee in the Sharqiyah Chamber, Mr. Salah Al Jaber, said that during the summer, many Saudi individuals and their families spend their vacations outside the kingdom and they usually plan for all aspects of travel including the ticket, the hotel, shopping budget and others. However, very few travelers allocate a budget for the unexpected emergencies.
Source: Al Jazirah