The mixed results of the local insurance industry in 2013, which saw 18 of the 33 licensed companies post a net loss, has led to much speculation regarding the future of the sector. The last two years have seen increasing price competition as Saudi Arabia’s insurers have jostled for market share – which in some cases has led them down a path of...
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Articles & Analysis | Mixed results: Premium price wars are hurting viability for some firms from The Report: Saudi Arabia 2014.
Interviews & Viewpoints | Abdullah Al Sharif, Secretary-General, Council of Cooperative Health Insurance (CCHI): Interview from The Report: Saudi Arabia 2014.
How would you describe Saudi Arabia’s health insurance market, and what plans are there to expand?
Articles & Analysis | A transitional point: Cooperative coverage is taking hold, but consolidation is needed from The Report: Saudi Arabia 2014.
One of the largest in the GCC, Saudi Arabia’s insurance industry is expanding at a rate which some believe will soon see it surpass the UAE market to claim the title of regional leader. This rapid development is made all the more remarkable by the fact that until relatively recently the very concept of insurance was considered unacceptable by...
Articles & Analysis | Riyad Bank: Banking from The Report: Saudi Arabia 2014.
COMPANY: Established in 1957 and headquartered in Riyadh, Riyad Bank operates through a network of 252 national branches and services its retail, corporate and institutional customers with a range of conventional and Islamic banking products. In addition, the bank provides insurance...
Articles & Analysis | SABIC: Industry from The Report: Saudi Arabia 2014.
THE COMPANY: Saudi Basic Industries Corporation (SABIC) is Saudi Arabia’s largest publicly listed non-oil company. It was established in 1976 by royal decree to utilise the vast reserves of hydrocarbons in the country, especially natural gas, which until then had simply been flared...
