Health insurance accounts for 55% of the market

According to Standard & Poor's, the health class of business now accounts for 55% of the insurance market, compared to 40% in 2008. For rating agency analysts, service quality will be essential for local insurers to maintain their market shares in the future. Since 2005, health insurance is compulsory for foreign employees in the private sector while Saudi employees have been subject to the compulsory insurance since 2008.