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FINANCIAL NEWS
Insurance premiums valued at USD6b in 2013 in Saudi
02 Jul 2014
(MENAFN) Saudi insurance premiums posted 19.2 percent rise in value in 2013, reaching USD6.718 billion compared to USD5.65 billion in 2012, according to Arab News.
The kingdom’s health insurance sector, which totaled 51 percent of the insurance market, grew by 14.3 percent to USD3.43 billion compared to USD3.012 billion in 2012.
Growth in general insurance, which represented 46 percent of the insurance market, reached USD3.066 billion compared to USD2.39 billion in 2012.
Growth in protection and saving insurance sector, which represented 3 percent of the insurance market, dropped by 5 percent to USD225.2 million in 2013 compared to USD237.015 million in 2012.
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