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مباشر
Insurance premiums rise to 29.8B Riyals Q1 2026
According to data from the Saudi Insurance Authority, the total written premiums in the insurance sector increased to 29.8 billion SAR during the first quarter of 2026, reflecting a growth rate of 14.4% year-over-year, compared to a 10.7% growth in 2025. The insurance penetration rate reached 3.1% of the non-oil GDP, with ongoing efforts to enhance operational performance and improve the beneficiary experience. In health insurance, premiums totaled 18.5 billion SAR, holding a market share of 62%, while the number of beneficiaries rose to 14.5 million. Vehicle insurance coverage also expanded, with premiums amounting to 5 billion SAR and improvements in beneficiary satisfaction through reduced complaint rates. Additionally, the capacity for reinsurance increased to 37%, supporting the retention of a larger portion of premiums within the Saudi market.
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