The Insurance Authority (IA) has issued the insurance sector report for the third quarter of 2024, which shows an increase in the Saudi insurance sector's Gross Written Premiums (GWP), reaching SAR 18.5 billion compared to SAR 14.9 billion in Q3 2023.
The report also highlights that the insurance companies' net income after zakat and tax increased from SAR 869.6 million in Q3 2023 to SAR 1.2 billion in Q3 2024.