In the wake of the recent oil price decline, Saudi Arabia’s insurers have operated in a challenging environment. The sector has faced stability issues since its liberalisation over a decade ago, and smaller players in the market are under increased scrutiny from a regulator keen to set the industry on a more solid footing. For the better...
Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as InsurTech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While...
While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic rerisk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
In a September 2018 inauguration ceremony in Jeddah, King Salman Abdulaziz Al Saud opened to the public Saudi Arabia’s newest train line, the Haramain High-Speed Rail. The new route measures roughly 450 km in length and connects Makkah to Medina via Jeddah, King Abdulaziz International Airport (KAIA) and King Abdullah Economic City (KAEC). It...
Although economic diversification and a strengthened private sector are cornerstones of Vision 2030, the blueprint for the transformation and diversification of the country’s economy, corporate consolidation and continued state ownership are features of the planned merger between Saudi Arabia’s most influential corporations. If Saudi Aramco’s...
Saudi Arabia’s ability to influence global oil prices relies not only on its production capacity but also on its ability to quickly and efficiently export hydrocarbons products to its trading partners. From ports on the Red Sea and the Gulf, Saudi Aramco operates the world’s largest oil and gas export facilities, including the world’s biggest...
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