Saudi Arabia's insurance market to reach $13 billion

Posted On: Nov. 29, 2019 5:11 AM CST

U.A.E-based investment banking advisory firm Alpen Capital (ME) Ltd. said that Saudi Arabia's insurance market is expected to grow 5% annually to reach $12.8 billion in 2024, Middle East Insurance Review reports. The nonlife insurance segment is expected to grow 5% per year to reach $12.4 billion in 2024.