Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

KSA - Economic Growth Forum Discusses ways to develop Ins. Sector

Thursday, 03 25 2021, Category: Islamic Insurance, Country: Saudi Arabia
The Economic Growth Forum (EGF), organized by the Financial Academy yesterday, discussed ways to develop the insurance sector in general and health insurance in particular.

The EGF underscored the role of the Saudi Central Bank in stimulating mergers and acquisitions in the insurance sector to improve the competitive environment, revealing the size of the insurance market in the Kingdom, which is estimated at SAR40 billion in 2020, and the rate of localization in the sector reached about 75%. On the other hand, the health insurance sector contributed to increasing investment in the health sector, as the number of private hospitals reached 160 hospitals in the Kingdom.

It is noteworthy that organizing the EGF comes as an initiative of the Financial Academy, within its objectives aimed at promoting constructive dialogue, building effective strategic partnerships that serve the interests of the financial sector, and providing awareness programs for specialists and those interested in the sector, to discuss trends and challenges facing the financial sector.

Source: Saudi Press Agency
All copyrights reserved, Arab Reinsurance 2016 ©