Saudi insurance market in 2020

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In thousands
Class of business
2020 Turnover2019 Turnover2019-2020 evolution *2020 Shares
In SARIn USDIn SARIn USD
Health
22 836 8006 081 44022 474 9005 985 2911.61%58.89%
Motor
8 358 0002 225 7368 603 7002 291 251-2.86%21.55%
Property damage and fire
2 109 200561 6801 844 700491 26214.34%5.44%
Accident and third party liability
1 369 900364 8041 121 400298 64022.16%3.53%
Engineering
1 061 800282 7571 198 400319 146-11.40%2.74%
Energy
910 800242 546700 400186 52430.04%2.35%
Marine
690 000183 747653 600174 0605.57%1.78%
Aviation
178 60047 561158 50042 21012.68%0.46%
Total non-life
37 515 1009 990 27136 755 6009 788 3842.07%96.74%
Savings & pension
1 263 600336 4971 134 900302 23511.34%3.26%
Grand total
38 778 70010 326 76837 890 50010 090 6192.34%100%

* Evolution in local currency
Exchange rate as at 31/12/2020 : 1 SAR = 0.2663 USD ; 31/12/2019 : 1 SAR = 0.26631 USD

Read also | Top 10 insurance companies in Saudi Arabia

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Mon, 21/06/2021 - 08:46
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