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What will be the future of Saudi Arabia insurance market?

While all insurance companies have their own Motor ratings. How the insurance companies will survive with high rates?

Insurance
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Question added by Baqar Ayaz , Senior Underwriter Asst. Manager , Saudi Arabian Cooperative Insurance Co. (SAICO)
Date Posted: 2013/07/02
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Waqayan Al Waqayan
by Waqayan Al Waqayan , Secretary of Sharia Supervisory Board (SSB) , Ahli United Bank (AUB)

it depends on regulations and Laws, as you know that insurance was prohibited in KSA but i think they are now more confident and more reliable than other gulf countries.

mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

This is evolution.Saudi is the largest producer of oil.Production also grows year on year.Saudi is successful in divursification. Travel and tourism sector is growing fastly-bith inbound and outbound.GDP is growing. Insurance will grow ,as GDP grows.No doubt is Insurance sector will grow/.

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