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Saudi Arabian insurance sector fastest growing among G-20 countries: Official

Posted On: Dec. 31, 2015 12:00 AM CST

Saudi Arabian insurer Alinma Tokio Marine Co.'s chief executive, Jun Hemmi, has said in an interview that the nation's insurance sector is the fastest growing among the G-20 countries, The Worldfolio reports.

Mr. Hemmi also said that upcoming infrastructure and residential projects offer potential for future growth in the industry. The number of insurers operating in the market is expected to decrease as the Saudi Arabian Monetary Agency makes efforts to regulate the market, added Mr. Hemmi.

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