Browsing: insurance

Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for August at SR6.018 billion ($1.6 billion)

he Saudi General Organization for Social Insurance (GOSI) clarified that the new Social Insurance Law, approved by the Council of Ministers on Tuesday

RIYADH: Saudi Arabia has completed its riyal-denominated sukuk issuance for April at SR7.39 billion ($1.97 billion), representing a rise of 66.44 percent compared to the previous month. 

S&P Global Ratings said motor insurers in the UAE, who increased their premia by up to 50% for certain coverage over the past year citing frequency and costs of claims, are likely to go in for another round of hikes in view of the recent floods.

RIYADH: Global sukuk issuance is expected to continue growing in the remaining months of this year, driven by funding and refinancing demands, Fitch Ratings said. 

The insurance sector comprised 23 traditional national companies, 10 Takaful national and 27 foreign companies

RIYADH: Car rental platform Ejaro will offer renters customized insurance options after it partnered with Tawuniya to offer daily coverage plans.

RIYADH: Oman’s insurance sector is expected to have achieved a 10 percent growth in 2023, paving the way for attracting additional regional investors, according to a top official. 

RIYADH: Saudi Arabia’s insurance industry is projected to experience a compound annual growth rate of 5.2 percent until 2028, reaching SR83.7 billion ($22 billion), a study showed.