Insurance sector results highlight market strength and continued growth
Economic writer Bandar Al-Shumailan says robust insurance sector results reflect market resilience, driven by rising awareness and demand for health and vehicle coverage.
Key Takeaways
AIEconomic writer Bandar Al-Shumailan stated that the results of the insurance sector reflect the strength of the market and its ongoing growth.
Speaking in a radio interview with Al-Ikhbariya, Al-Shumailan added that these results are supported by increased insurance awareness and higher demand for health and vehicle insurance.
He noted that indicators confirm the strength of the insurance sector, as well as economic expansion and growing awareness of the importance of insurance, particularly health coverage. The results also show a rise in sector participation, market maturity, and sustainable development.
It is worth noting that Saudi Arabia's insurance sector achieved strong growth in 2025, with total written premiums rising by 10.7% to reach 84.3 billion riyals (SAR). This growth was driven by expansion in health and vehicle insurance, in line with the goals of Saudi Vision 2030.
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