Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

May 2026

Market Profile


Saudi Arabia

Saudi market grows 7.3% in 2025 but profitability plunges 40% amid margin pressures

Saudi Arabia’s insurance sector continued its steady expansion in 2025, buoyed by mandatory coverage and economic reforms under Vision 2030. However, the strong top-line performance masked significant earnings pressure.
 

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Mandatory cessions fuel Saudi Re's growth as insurance market grows

Following a 90% capital surge and the strategic entry of the Public Investment Fund, Saudi Re has emerged as the Middle East’s most capitalised reinsurer. Backed by mandatory cession rules, the reinsurer faces a shifting operating landscape.
 

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The price of convenience could be motor premium hikes of 30%

Usage-based insurance is a major opportunity motor insurers in Saudi Arabia may leverage. Given that many households own multiple vehicles, with some being driven only seasonally, there is appetite for flexible coverage. 
 

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InsurTech's next act: Transforming core insurance value chain

The next stage of InsurTech growth in Saudi Arabia will be less about creating digital sales channels and more about transforming the core insurance value chain itself.
 

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