KSA - Report on Covid19 impact on ins. Sector
Thursday, 09 10 2020, Category: Insurance and Reinsurance, Country: Saudi Arabia
The impact of Covid-19 on the insurance sector in Saudi Arabia and the efforts of sector players to support the national response to the challenges of the pandemic are explored in a report by Oxford Business Group (OBG).
Produced with Najm Insurance Services, the Covid-19 Response Report (CRR) provides an in-depth analysis of Saudi Arabia’s response to the coronavirus in an easy-to-navigate and accessible format, focusing on key data and infographics relating to the country’s socio-economic landscape.
The report examines the Kingdom’s robust macroeconomic position before the crisis, looking at how the combination of low public debt, a strong credit rating and high FX reserves enabled it to absorb the initial shock of the pandemic.
It also considers the positive impact that swiftly implemented containment measures had on curbing the spread of the virus, including the rapid rollout of testing procedures, which helped the country to record one of the lowest case-fatality rates in the G20.
Source: Trade Arabia