14 Insurance Firms to Get Permits Soon

Author: 
Arab News
Publication Date: 
Wed, 2005-08-03 03:00

RIYADH, 3 August 2005 — Executive manager of NCCI, Ali Al-Sabheen, expected that the health market in the Kingdom to increase to SR6.4 billion by 2009 which will substantially increase the size of the Saudi insurance market, Al-Madinah reported. He said that the insurance market is currently in a transitional stage toward being more organized with the existence of a responsible committee. He said that SAMA announced that 14 companies would get permits soon and 8 companies have applied for permits. He said that this step would help to improve the market.

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