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Value of the insurance market in Saudi Arabia from 2010 to 2024 (in billion U.S. dollars)

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Sources

Release date

May 2026

Region

Saudi Arabia, MENA

Survey time period

2010 to 2024

Supplementary notes

*Data collected from multiple reports.

Citation formats

Insurance market size in Saudi Arabia 2010-2024

Published by Jenny Yang, Jun 1, 2026

As of 2024, Saudi Arabia was the largest insurance market within the Gulf Cooperation Council region with a gross written premium (GWP) value of **** billion U.S. dollars. The total market size of the GCC regions insurance industry was **** billion U.S. dollars, meaning Saudi Arabia had a 45.4 percent share of the total GCC market.

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Insurance industry in GCCLife insurance worldwideInsurance industry in AfricaInsurance market in Europe
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