Insurance Market in Saudi Arabia: Overview by Tawuniya
“We have seen very interesting growth in this market over the years. Compulsory insurance picked up very quickly and this has really boosted our growth. Going forward, our growth depends on whether any new compulsory products are introduced to the market,” explains Raeed A. Al-Tamimi, CEO of Tawuniya.
“We have seen very interesting growth in this market over the years. Compulsory insurance picked up very quickly and this has really boosted our growth. Going forward, our growth depends on whether any new compulsory products are introduced to the market,” explains Raeed A. Al-Tamimi, CEO of Tawuniya.
“The Saudi insurance market is still very young; it has only been regulated for about 10 to 15 years. This means it is hard to compare this market with mature markets. It is hard to find another market that has the same regulations, sophistication and development as this one.”