Saudi insurance premiums surpass 84B Riyals
The Saudi insurance sector experienced significant growth during 2025, with written premiums increasing by 10.7% to reach 84.3 billion Riyals. This growth was primarily driven by rising demand for health insurance and vehicle insurance, which together accounted for approximately 89% of the increase. The number of beneficiaries of health insurance rose to over 14 million, while the number of insured vehicles reached around 11 million—both indicating an expanding beneficiary base and the sector’s efforts to support the national economy in line with Saudi Arabia's Vision 2030. The insurance sector posted net profits of 1.9 billion Riyals in 2025, supported by strong capital reserves and the ongoing implementation of the risk-based capital framework scheduled for 2027. Additionally, regulatory authorities handled more than 440,000 complaints, imposed fines totaling 25 million Riyals, and paid claims worth 53 billion Riyals. Future challenges are expected to impact the quality of growth in 2026.
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