List of all articles filed under “saudi-arabia-insurance” category.
Dr. Goetz Friedrich Kuras shares his assessment of the insurance sector in Saudi Arabia and gives an overview of the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf), one of the Kingdom’s largest insurance companies, providing a comprehensive choice of cooperative health, motor, property and other insurance and reinsurance services.
The top 10 companies are still fairly profitable, and their profitability has increased, but the other companies– some 32 beyond the top 10– are not experiencing the same results.
Mohammed S. Al-Hussain, Secretary General of Council of Cooperative Health Insurance talks about the outlook for the health insurance sector in Saudi Arabia.
The outlook in health insurance industry is that it’s expanding. There was a study in 2012 that found the demand in health services and health insurance services in Saudi Arabia would expand 100% in 2019, which is a huge figure that requires a lot of efforts and changes to CCHI, and overall quality of health insurance companies and providers.
Insurance market in Saudi Arabia continues to face challenges.
We at Nazer have decided to position ourselves as the leading healthcare company in Saudi Arabia for a variety of reasons, among which is that the healthcare sector in Saudi is probably one of the most promising sectors in the economy.
View the latest ranking of the top insurance companies in Saudi Arabia for 2015. The largest insurance company in Saudi Arabia is Tawuniya, followed by Bupa Arabia and Medgulf.
Loay H. Nazer, Chairman of Nazer, talks the major challenge in the insurance sector.
Loay H. Nazer, Chairman of Nazer, talks about the BUPA — the largest health insurance in Saudi Arabia.
“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.
