Insurance spending per capita increased by 30% in 2023 in Saudi Arabia. The market report issued by the Insurance Authority, shows that health insurance accounted for 59% of the total spend on insurance in KSA in 2023, while general insurance represented 37%, and protection and savings insurance made up the remaining 4%. #KSA #GCC #growth #insurance #recruitment
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Tech Entrepreneur | Digital Transformation | Product Innovation | Project Management | Fintech | Artificial Intelligence & Machine Learning I Data Management | Business Applications | Consulting
Saudi Insurance Market Highlights ... Health insurance, both compulsory and voluntary, remained the largest line of business in the kingdom in 2023, growing by 21.4% year on year to SAR38.6bn. Total GWP in the overall Saudi insurance market rose by 22.7% to SAR65.5bn.
Saudi Arabia: Insurance spending per capita increased by 30% in 2023
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5 Health Insurance Mistakes to Avoid in the UAE! Watch the full video to learn more #policyhouse #HealthInsurance #Insurance #uae
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Saudi Arabia: Transfer of Health Insurance Authority from Council Of Health Insurance to هيئة التأمين | Insurance Authority The Saudi Insurance Authority has announced the transfer of health insurance powers from the Council of Health Insurance to the authority, effective from Monday, March 4. This move aligns with the authority's mandate and objectives since its establishment, with operations commencing on November 23, 2024. The Insurance Authority aims to fulfill its role as the primary regulatory body overseeing the insurance sector in Saudi Arabia. Eng. Naji Al Tamimi, CEO of the authority, assured that the transfer of powers would not impact existing insurance policies or claims. Current laws and regulations will remain in force, ensuring policyholders and health insurance beneficiaries continue to enjoy their rights without any changes to terms and conditions. #SaudiInsuranceAuthority #IA #HealthInsurance #Regulation #InsuranceSector #SaudiArabia #Policyholders #InsuranceClaims #reinsurance #InsuranceRegulation #insurtech
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Although trailing its GCC peers, Kuwait’s life and health insurance industry has still significantly transformed digitally and regulatorily over the past year, according to Kuwait Insurance Company’s Mr. Sami Sharif. ✍️ Article written by: Sarah Si Click here to read the full article 👉 https://lnkd.in/g2QMF4qw #Kuwait #Digital #Regulatory #Regulation #Insurance #InsuranceIndustry #InsuranceMarket
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The heightened awareness among individuals and businesses of the importance of protection is driving growth in Oman’s life and health insurance industry, says MetLife Oman’s Mr. Raed Dawood. Coupled with the rollout of mandatory health insurance tech and supportive regulation, this has put the country on track for sustainable growth, according to Liva Insurance Oman’s Ms. Hanaa Al-Hinai. ✍️ Article written by: Sarah Si #Oman #Insurance #InsuranceIndustry #InsurancreSector #Lifeinsurance #Healthinsurance #Healthtech #Healthinsurancetech MetLife Gulf https://lnkd.in/gqSmqPyg
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Health Insurance #healthinsurance #insurance #invest
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The African Insurance week that was ending 2nd August 2024 has two interesting news items, one relating to minimum capital requirements for an Actuarial firm in Egypt, and the other in respect of affording healthy food. #Insurance #life insurance # health insurance #Non-life insurance
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While some might consider Cambodia to be a small Insurance market, it should not be underestimated !!! The country boasts a robust insurance sector, comprising 40 insurance companies that collectively generate several million USD in premiums annually... https://lnkd.in/g4SHkC8T #Cambodia #Insurance #HealthInsurance #MedicalInsurance #SAFETYNETCambodia
40 Insurance Companies (Cambodia) - SAFETYNET
https://www.safetynet-health.com
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Health Insurance #healthinsurance #insurance #invest
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Junior Student at Cairo University El Sheikh Zayed Campus (Business Administration Student)
Excited to Share Insights on Commerce & Social Insurance! I recently had the opportunity to present on the topic of life and health insurance, exploring global trends and how they compare to the Egyptian market.📊 Globally, insurers provide a diverse array of services, often characterized by greater flexibility and broader coverage options. In contrast, Egypt’s insurance market is rapidly evolving, with leaders like MetLife Egypt paving the way by offering affordable, localized plans tailored to the needs of our community. It’s inspiring to witness the growth and transformation within the industry, and I look forward to further discussions on how we can continue to enhance insurance offerings for everyone. #Insurance #LifeInsurance #HealthInsurance #Egypt #GlobalInsurance #MarketTrends #InsuranceIndustry
