Magazine

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

Sep 2024

Market spotlight


Saudi Arabia

Long-term strategy for Saudi Arabian reinsurer

Strategic diversification is the cornerstone of Saudi Re’s vision, according to Mr Ahmed Al Jabr, as it grows the company’s global footprint and helps maintain a balanced and resilient portfolio, which could ensure sustained growth. As such, the sale of its holding of an offshore entity would allow Saudi Re to capitalise on lucrative domestic opportunities.
 

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New Saudi insurance regulator for a new day

Saudi Arabia’s new regulator, the Insurance Authority, has been up and running for some time now, overseeing a growing industry and a tricky macroeconomic environment. We take a look at some of its main achievements to date.
 

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Saudi insurance brokers adapt to new environment

As the Saudi Arabian economy develops, it provides ample opportunities for brokerage business. If the broking community can reinvent itself, the sky is the limit. We spoke with ACE Gallagher Arabia Insurance Broker’s Mr Rohbaan Ahmad and Marsh Saudi Arabia’s Mr Ammar Tariq for insights.
 

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Saudi insurance sector continues growth trajectory

The Saudi Arabian insurance industry’s performance in 1H2024 makes for good reading. KSA growth in this period is at 18% building on a 60% expansion from 2021 to 2023. Badri Consultancy’s Messrs Hasham Esmail Piperdy and Syed Azadar Haider give us their view of a market that holds great promise for the region.
 

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Saudi life insurance needs a little nudge

The life insurance industry in Saudi Arabia has ample potential that is just waiting to be tapped. The new regulatory authority has also ushered in several positive transformations that can bring in the much-needed push. Middle East Insurance Review spoke to Chedid Reinsurance Brokerage’s Mr Asad Alam about how the kingdom’s life insurance sector industry is in for a major makeover.
 

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