The Insurance Authority has released its Saudi Insurance Market Report 2025, highlighting another year of strong growth and increasing market resilience across the Kingdom's insurance sector.
According to the report, Gross Written Premiums (GWP) reached SAR 84.3 billion, representing an annual growth of 10.7%, while the sector's total assets increased to SAR 95.8 billion, up from SAR 84.6 billion in 2024.
The report also showed that the industry's overall solvency margin stood at 156%, reflecting the sector's solid financial position and ability to meet policyholder obligations.
Insurance coverage continued to expand, with approximately 14.5 million beneficiaries covered under health insurance and around 11 million insured vehicles across the Kingdom.