Saudi insurance sector saw premium growth but net loss in 2021

The Saudi insurance sector saw premium growth of 8.4% in 2021, with total gross written premiums (GWP) totalling SAR42.03bn (€10.75bn), although the sector reported a net loss of SAR47m in 2021, compared to a net profit of SAR1.39bn in 2020, according to the Saudi Central Bank (SAMA).

In its repo...

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