What steps are being taken to implement mandatory insurance for Saudis in the private sector?
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Interviews & Viewpoints | OBG talks to Abdullah Al Sharif, Secretary-General, Council of Cooperative Health Insurance (CCHI) from The Report: Saudi Arabia 2013
Articles & Analysis | Eyes on the road: The industry is working to reduce traffic accidents from The Report: Saudi Arabia 2013
In recent years Saudi Arabia’s General Department of Traffic (GDT), which falls under the oversight of the Ministry of Interior, has worked with a number of other public agencies to improve safety standards and boost overall efficiency on the Kingdom’s roads. The insurance industry has played a key role in this effort. Since...
Articles & Analysis | Trading up: The Kingdom’s capital markets lead the region from The Report: Saudi Arabia 2013
It has been a good couple of years for the Saudi Stock Exchange (Tadawul), which posted considerable growth in 2011 and 2012. Throughout 2012, nearly all of the market’s major indicators improved substantially over the previous year. Market capitalisation was up more than 10% over 2011, for example, due to a spate of initial...
Articles & Analysis | Surging forward: The Kingdom is becoming a major player in global Islamic finance from The Report: Saudi Arabia 2013
For the past decade, Saudi Arabia has been at the forefront of the development of the Islamic financial services (IFS) sector. The Kingdom, which is home to more than a quarter of the GCC’s Islamic financial assets and a handful of the world’s largest sharia-compliant financial institutions, is currently among the top IFS...
Articles & Analysis | Onwards and upwards: Strong fundamentals and new opportunities will likely result in steady sector expansion from The Report: Saudi Arabia 2013
The banking sector in Saudi Arabia, which is one of the largest in the GCC, posted solid growth in 2011 and 2012. According to data from the Saudi Arabian Monetary Authority (SAMA), the central bank, total banking assets in the Kingdom reached SR1.65trn ($439.7bn) at the end of the third quarter of 2012, up from SR1.54trn ($410....
Articles & Analysis | Building a backstop: The reinsurance segment is considered to be a key growth driver from The Report: Saudi Arabia 2013
In recent years the reinsurance segment in Saudi has grown substantially. The industry, which is made up of a single dedicated reinsurance company – Saudi Reinsurance – and a handful of firms that offer both insurance and reinsurance services, is considered to be a key driver of future expansion in the Kingdom’s insurance...