An analytical study of Insurance Sector in the Kingdom of Saudi Arabia and its compatibility with Vision 2030

	An analytical study of Insurance Sector in the Kingdom of Saudi Arabia and its compatibility with Vision 2030
Article 4, Volume 1, Issue 1, December 2021, Page 75-85 PDF (390.72 K)
Document Type: Original Article
DOI: 10.21608/ajccr.2021.211513
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Authors
Mohamed Ghazy Saber ; Moamen Atef Mohammed Ali
College of Business Administration, University of Business and Technology, Saudi Arabia
Abstract
The study gives an expected indicator for the insurance market during the period from 2022 to 2030, which shows the increase in the operation of the insurance sector, as illustrated premiums, claims and losses ratios for all insurance branches, which means that the insurance sector developing in the future in line with the development of the economic sector in the Kingdom of Saudi Arabia Saudi Arabia, which is linked to the national transformation of the Kingdom from an economy that relies solely on oil to become enjoys with flexibility and multiple sources of revenue and production processes and international trade with the creation of promising job opportunities and multiple industries of variable sizes in line with achieving the main objectives of vision 2030 and the resulting economic effects that require diversity in Insurance coverage with the update and development of insurance products currently offered in the Saudi insurance market.


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