Saudi Arabia’s insurance market, the second largest in the Gulf region by gross written premium (GWP) after the UAE, offers a vibrant and competitive environment. Growth in recent years has been attributed to economic development creating new insurable assets, and new lines of mandatory coverage.
Saudi Arabia
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Articles & Analysis | Digitalisation modernising Saudi Arabia's insurance market from The Report: Saudi Arabia 2022
Articles & Analysis | Insurance companies prepare for changes to global accounting standards from The Report: Saudi Arabia 2022
Insurance companies worldwide are preparing for the most significant change in global accounting standards in almost two decades. In January 2023 the International Financial Reporting Standards (IFRS) 17 will come into effect. Replacing the previous standard, IFRS 4, which was issued in 2004, IFRS 17 aims to standardise insurance accounting globally in order to improve...
Articles & Analysis | Saudi capital markets make a play for foreign investment from The Report: Saudi Arabia 2022
Capital markets in Europe, the US and Asia have experienced challenging times in the wake of the Covid-19 pandemic and Russia’s invasion of Ukraine. However, Saudi Arabia’s capital markets have experienced sustained growth, with high-value initial public offerings (IPOs), robust trading and the Saudi Exchange showing the largest market capitalisation and liquidity of any...
Interviews & Viewpoints | Mohammed Al Rumaih, CEO, Saudi Exchange: Interview from The Report: Saudi Arabia 2022
What steps are required to deepen the participation of the private sector in Saudi Arabia’s economy?
Interviews & Viewpoints | Rajiv Shukla, CEO, HSBC Saudi Arabia: Interview from The Report: Saudi Arabia 2022
What has been done to increase foreign investor participation in Saudi Arabia’s capital markets?
Articles & Analysis | Capital markets around the world issue green and social bonds from The Report: Saudi Arabia 2022
Alongside significant political efforts to speed up the energy transition, 2021 was a record-breaking year for green finance, as governments, international institutions and lenders alike sought to support the shift towards renewables. This mirrored developments in generation: new renewable energy capacity reached an all-time high of 290 GW in 2021. Meanwhile, the issuance of...