Investor Presentaiton
35
-
Key Developments - 2021 Review
Market conditions paint a brightening UW outlook
2019
2020
P&C GWPS
-Cession
2021
B
50 J
إعادة
Saudi Re
2019.
2020
2021
Saudi Re (KSA GWPS, SAR bn)
Market Share
Signs for market
hardening globally as a
reaction to losses e.g.
Covid 19, which can
affect capacity
deployment and increase
reinsurance pricing.
Local market indicates
new trend in new lines
and compulsory
insurance enforcement,
e.g. Motor TPL, Inherent
Defects, Employers
Default Liability, Event
Cancelation Liability,
Drones Liability, Covid-19
Travel Insurance, and
Domestic Helpers
Insurance, Third Party
Liability on High Risks and
Crowded Sites, Self
Driven Motor Insurance
Approval of the
classifications of risks
which will be mandated
to have a third party
liability on properties.
Not Enough Enforcement
of IDI implementation
with system
infrastructure still being
optimized
Amendment of
Cooperative Insurance
Control Law.
"Draft" Reinforced
compulsory cessation
rates to 15% by YE 2022e
and 30% by YE 2025e
Public
www.saudi-re.comView entire presentation