KSA – SAR 651 M property premiums in Q1
Thursday, 07 19 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
The total property insurance premiums reached SAR 651.1 million during the first quarter of year 2018 compared to SAR 666.4 million during the same period last year. Therefore, there was a negative growth of 2.3%.
Property insurance is known as the insurance of buildings, warehouses, or equipment against fire, theft, or catastrophe according to contract wording.
Moreover, property insurance premiums reached approximately SAR 1.71 billion in year 2017 whereas property insurance premiums reached SAR 1.83 billion according to “Al Eqtisadia”.