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In The News
UAE, Saudi insurance sectors ‘stay resilient’
“Both of these markets’ insurance sectors are going through structural evolution with the introduction of stronger regulations, aided by a welcome shift towards the right level of technical pricing,”
Saudi Arabia: Insurers expect limited increase in premium rates next year
Insurance companies in Saudi Arabia are expecting a slight increase in premiums next year due to the continuous losses incurred in health and motor insurance. This is in spite of a surge in profits for the industry for the first half of this year.
Single health insurance policy for employer to bolster market
"The CCHI has issued a resolution on April 13, 2016 to conduct a single health insurance policy for each employer and the application will be through 4 phases mechanism that started on July 10, 2016 and will end in April 10, 2017."
SAMA ISSUES THE 2015 SAUDI INSURANCE MARKET REPORT
"SAMA has issued the 2015 Saudi Insurance Market Report, which shows continuous robust growth of the insurance market in 2015 in the Kingdom. The report also shows the overall positive impact on the sector resulting from continued corrective actions, including continuous boosting of required technical reserves so as to be in line with regulatory laws and instructions."
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