Naji Al Tamimi, CEO of the Insurance Authority (IA)
He also anticipates insurance penetration in non-oil GDP to increase to 3.6%, while risk-based capital is projected to reach SAR 50 billion. 
These remarks were made during Al Tamimi’s participation as part of the official Saudi delegation at the World Economic Forum (WEF), held in Davos, Switzerland, from January 19 to 22, 2026.
During the forum, Al Tamimi highlighted ongoing developments in the Saudi insurance sector and emphasized the promising opportunities it offers to global partners specializing in investment and insurance.
It is worth noting that the Saudi Cabinet recently approved the National Strategy for the Insurance Sector.
The strategy aims to achieve three strategic objectives: enhancing insurance protection for individuals and businesses, developing a sustainable and efficient insurance market, and enabling comprehensive coverage for national risks.
Naji Al Tamimi, CEO of the Insurance Authority (IA)
He also anticipates insurance penetration in non-oil GDP to increase to 3.6%, while risk-based capital is projected to reach SAR 50 billion.
These remarks were made during Al Tamimi’s participation as part of the official Saudi delegation at the World Economic Forum (WEF), held in Davos, Switzerland, from January 19 to 22, 2026.
During the forum, Al Tamimi highlighted ongoing developments in the Saudi insurance sector and emphasized the promising opportunities it offers to global partners specializing in investment and insurance.
It is worth noting that the Saudi Cabinet recently approved the National Strategy for the Insurance Sector.
The strategy aims to achieve three strategic objectives: enhancing insurance protection for individuals and businesses, developing a sustainable and efficient insurance market, and enabling comprehensive coverage for national risks.
