The Insurance Authority: SAR 29.8 Billion in Gross Written Premiums in Q1 2026, Up 14.4%
The Insurance Authority revealed in its Saudi Insurance Market Report for Q1 2026 that gross written premiums (GWP) reached SAR 29.8 billion, representing 14.4% year-on-year growth, compared with 10.7% in 2025. Insurance penetration relative to non-oil GDP also increased to 3.1%. Q1 2026 indicators reflect continued growth in the insurance sector and improved operational performance, alongside stronger competition, greater market efficiency, and an enhanced beneficiary experience, supporting the objectives of the National Insurance Sector Strategy and Saudi Vision 2030.