IslamicFinance.de

According to the research report Saudi Arabia Insurance Market to 2012 from market research and analytical consultancy RNCOS , Takaful is the fastest growing segments of the Saudi Arabian insurance industry. RNCOS says that protection and savings and health insurance are the fastest growing insurance lines in Saudi Arabia, with health insurance accounted for around 50 per cent of the overall insurance market at the end of 2009. The most recent introduction of compulsory health insurance for private employees, irrespective of the size of the company they are working with, will further boost the health insurance market in the country. The general insurance category has shown substantial growth despite being heavily hit by the financial crisis.