Investor Presentaiton
11
Key Developments
Saudi Re is well-positioned to benefit from favourable
market conditions
إعادة
Saudi Re
Saudi Re
Market
Capital
Increase
by 10% Through
SR 891 M
1H 2021:
89% Net Profit
Receipt of the
Shariyah
Before Zakat: SR
Review
36.4 M
Bonus Shares to
Report
▪ 45% GWP
Growth: SR 955
M
Partner with
Major Contract :
RMS to
enhance cat
modeling
SR 130 M
Medgulf
Probitas
capabilities
Affirmation of
Rating A3 by
Moody's
(Global) and
A1.sa(National).
IDI
Implementing
"Building
Code" wef
01/07/2021.
Major Contract :
SR 177 M
Corporate
Capital Ltd
Implementing
IFRS 17 Final
Phase to meet
Q1, 2023
Deadline
■ 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,
and
Covid-19 Travel Insurance,
Domestic Helpers Insurance.
■ Amendment of Cooperative Insurance Control
Law.
Public
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