News Middle East11 Nov 2025

Saudi Arabia:Insurance industry steps into future at Global Insurance Conference & Exhibition ingate

| 11 Nov 2025

Chairman of the Insurance Authority Abdulaziz Alboug


The Saudi insurance market recorded growth of more than 17% in 2024, with the insurance penetration rate standing at 2.6% of non-oil GDP. The growth rate outpaced the G20 average, pointed out the Chairman of the Insurance Authority Abdulaziz Alboug.

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