Market Share of Property And Casualty Insurance Industry In Saudi Arabia
The property and casualty insurance market in Saudi Arabia is competitive, with both local and international insurance companies operating in the sector. Companies offer a range of products, coverage options, and pricing to cater to different customer needs.Companies across the world have huge investments in this segment of the market. In Saudi Arabia, the Property and Casualty Insurance market have many companies fragmented over minor shares. Adoption of technological platforms and up-gradation to new Technology leads to an increase in revenue for insurance firms. Innovation and technological advancement taking a pace as COVID-19 and urbanization strike general people to the adoption of property and casualty insurance to mitigate the risk.
Saudi Arabia Property and Casualty Insurance Market Leaders
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The Company For Cooperative Insurance (Tawuniya)
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Malath Cooperative Insurance Co
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The Mediterranean And Gulf Cooperative Insurance And Reinsurance Company (MEDGULF)
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Salama Cooperative Insurance Co (Salama)
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Arabian Shield Cooperative Insurance Company
*Disclaimer: Major Players sorted in no particular order
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