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Saudi Arabia: General insurance industry's premiums up 28% in 2013

July 3, 2014 - 6:00am

Saudi Arabia's general insurance industry recorded a 28% year-on-year increase in insurance premiums to 11.5 billion Saudi Arabian riyals ($3.1 billion) in 2013, a report based on Saudi Arabian Monetary Agency data revealed.

The insurance industry registered a 19% increase in total premiums to SAR 25.2 billion, Arab News reported. Value of claims totaled SAR 15.9 billion, up 46%, the report said.

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