Smaller insurers remain under strain despite overall improvements in sector capitalization
Moody’s Ratings said escalating geopolitical tensions in the region are likely to have a limited direct impact on underwriting operations of Saudi insurance companies in the near term. 
This is driven by standard exclusions for conflict risks and widespread reliance on reinsurance. However, it may increase volatility across investment portfolios and, under a more adverse scenario, could affect premium growth by slowing the pace of economic diversification.
Smaller insurers remain under strain despite overall improvements in sector capitalization
Moody’s Ratings said escalating geopolitical tensions in the region are likely to have a limited direct impact on underwriting operations of Saudi insurance companies in the near term.
This is driven by standard exclusions for conflict risks and widespread reliance on reinsurance. However, it may increase volatility across investment portfolios and, under a more adverse scenario, could affect premium growth by slowing the pace of economic diversification.
