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IFN Deals of the Year 2023

Strong Q3 results set scene for further profitable growth

Insurers in Saudi Arabia (A1 positive) have delivered strong performance for the first nine months of 2023, reversing the weak performance of recent years. The sector is benefiting from the continued expansion of compulsory medical and motor insurance, stronger investment returns thanks to rising interest rates, and significant price rises following a rise in claims in 2021 and 2022. We expect Saudi insurers, all of which are Shari'ah compliant, to continue growing profitably, attracting investor support and adding further momentum....

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