Saudi govt program seeks higher auto, health insurance coverage

10/05/2018 Argaam

 

The Saudi government-sponsored, Financial Sector Development Program 2020, seeks to increase automobile and health insurance coverage in the kingdom, and to increase regulatory controls.

 

The Council of Economic and Development Affairs (CEDA) approved on Wednesday, the Financial Sector Development Program as part of Vision 2030.

 

The blueprint seeks to increase the depth of local insurance market (gross written premiums /non-oil GDP) to 3.2 percent, and raise auto insurance coverage to 75 percent and health insurance to 45 percent by 2020.
 
The document stressed the need for a more stringent regulatory supervision over the sector.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read