Insurers see 25% growth in premium volume

According to U.A.E.-based actuarial consultancy Badri Management Consultancy, the aggregate premium volume of 26 listed insurers in Saudi Arabia increased 25% year-on-year to 40 billion Saudi Arabian riyals ($10.6 billion) in the first nine months of the year, Middle East Insurance Review reported. The insurers’ aggregate net profit before zakat dipped 1% to SAR885 million.