Saudi Insurance Market Is The Fastest Growing Market for Insurance

“Most people do appreciate the need for insurance. Once people start using these insurance services they tend to see the benefits and are happy to continue purchasing insurance. At the same time, we need the enforcement to kick in properly,” explains Raeed A. Al-Tamimi, CEO of Tawuniya.

“We do have large numbers of people here who are strong believers in insurance and this is increasing over time. Once people see the benefits of insurance, they do appreciate the service. Nevertheless, you cannot compare the market here with western countries that have had insurance for a long time. People here are just beginning to look for new insurance products that we don’t have yet here in the Kingdom.”