Insurance Market Investment

Sun, 22 Feb 2026 00:00:00 +0000

Saudi Arabia’s insurance market is the GCC’s largest and one of the clearest Vision 2030 financial-services investment themes, spanning cooperative insurance, health coverage expansion, motor reform, property risk, reinsurance, and insurtech.

Market Overview

Saudi Arabia’s insurance market is the largest in the Gulf Cooperation Council, with gross written premiums (GWP) of approximately SAR 55 to 65 billion annually and growing at eight to twelve percent per year. The market operates under the cooperative insurance model, which incorporates principles consistent with Islamic finance, requiring that surplus be shared between policyholders and shareholders.

Insurtech on SAUDI VISION 2030 Intelligence Platform

Insurance Market Investment

Market Overview