Saudi Arabia – SAR 6 billion claims in 3 months
Monday, 12 11 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The financial statements of insurance companies revealed that the total insurance claims during the third quarter of the current year reached SAR 6.1 billion with a 7% increase compared to the same quarter last year.
Moreover, insurance premiums written in KSA reached SAR 8.3 during the third quarter with a 0.7% increase compared to the same quarter last year. However, net premiums during the third quarter of year 2017 decreased to SAR 6.9 billion with a 2.6% decrease compared to the same quarter last year.
Source: Al Yaum