Insurance

These have been profitable times for the Saudi insurance sector, although bumpy ground in the economy overall has made the growth of premiums more challenging. The sector is undergoing a significant overhaul as a stronger regulatory framework is progressively implemented and enforced, and moves to consolidate the market are in progress. Developments in the health segment continue to look promising after a recent expansion of compulsory health insurance while further widening to include more of the domestic population in obligatory schemes was witnessed 2017.

This chapter contains an interview with Abdulaziz Al Boug, CEO, Tawuniya.