Saudi Arabia’s insurance companies reported a 4% decline year-on-year (YoY) in the number of employees to 11,210 in 2019, compared to 11,730 in 2018, the Saudi Arabian Monetary Authority (SAMA) said in its insurance report for 2019.
The number of Saudi nationals working in the insurance companies increased to 74.3%, or 8,334, of total workforce by the end of 2019, compared to 72.3% in 2018.
Meanwhile, the number of non-Saudis declined 11% YoY, reaching 2,879 over the same period.
|
Number of Employees in Insurance Companies in 2019 |
|||
|
Nationality |
2018 |
2019 |
Variation |
|
Non-Saudi |
3,243 |
2,879 |
(11%) |
|
Saudi |
8,483 |
8,334 |
(2%) |
|
Total |
11,726 |
11,213 |
(4%) |
|
Saudi nationalization rate |
72.3% |
74.3 % |
-- |
The number of Saudi nationals holding administrative posts reached 1,421, or 60% of the total labour.
|
Number of Employees in Administrative Jobs in Insurance Companies |
||||
|
Nationality |
2018 |
Percent to total |
2019 |
Percent to total |
|
Non-Saudi |
882 |
45 % |
955 |
40 % |
|
Saudi |
1,065 |
55 % |
1,421 |
60 % |
|
Total |
1,947 |
100 % |
2,376 |
100 % |
The number of Saudis working in non-administrative posts stood at 6,913 employees, or 78% of total workforce, reaching 8,837.
|
Number of Employees in Non-Administrative Jobs Insurance Companies |
||||
|
Nationality |
2018 |
Percent to total |
2019 |
Percent to total |
|
Non-Saudis |
2,361 |
24 % |
1,924 |
22 % |
|
Saudis |
7,418 |
76 % |
6,913 |
78 % |
|
Total |
9,779 |
100 % |
8,837 |
100 % |
The number of employees with insurance service providers reached 5,854, 71% or 4,153, of them are Saudis.
|
Number of Employees working with Insurance Service Providers |
|||
|
Nationality |
Non-Administrative Jobs |
Administrative Jobs |
Total |
|
Non-Saudis |
1,319 |
382 |
1,701 |
|
Saudis |
3,440 |
713 |
4,153 |
|
Total |
4,759 |
1,095 |
5,854 |
|
Saudi nationalization rate |
72 % |
65 % |
71 % |
Comments
{{DisplayName}}
{{ElapsedTime}}