The Kingdom of Saudi Arabia's insurance industry expansion is closely tied to its Vision 2030's initiatives, including mandatory motor insurance and bolstered social welfare systems, which have significantly increased the demand for insurance...
With the release of its annual statistics for the year 2022/2023, the commission rates and production costs ratios of various insurance lines can be compared to those of the previous fiscal year of 2021/2022, according to Al-Mal News.
According to preliminary figures the Insurance Association of Turkey (TSB) has published of total gross written insurance premiums collected, there has been a 72.5% increase, from TRY468tn ($13.6bn) in December 2023 to TRY838.5tn in December 2024.