Riyadh — 20 Jumada al-Awwal 1447 AH / 11 November 2025.

The Insurance Authority revealed, through its pavilion at the Global Insurance Conference and Exhibition (InGate 2025), held from 10 to 12 November at Malham Hall in Riyadh, that the number of employees in the Saudi insurance sector reached 17,880 in 2024, with a Saudization rate exceeding 85%, alongside ambitious targets to double this number by 2030.

The pavilion showcased key performance indicators of the Kingdom's insurance market, which grew 17% in 2024, with total premiums written reaching SR76.1 billion and net investment income reaching SR3.46 billion, while insurance companies' assets stood at around SR88.2 billion, and total claims paid over the past five years reached approximately SR179.4 billion.

The Authority's pavilion offers an interactive knowledge and visual experience reflecting the digital and regulatory transformation journey in the insurance sector, highlighting the Kingdom's standing as a leading regional insurance hub, through innovative digital displays and varied awareness content spotlighting modern legislation and the latest technologies used in developing the sector, reinforcing the Authority's role in balancing supervision and innovation.

The pavilion also spotlights investment opportunities in the Saudi insurance market, alongside the Authority's efforts to develop national talent through advanced training and educational programs in partnership with local and international academic institutions, supporting the empowerment of Saudi cadres in this vital sector.

The Global Insurance Conference and Exhibition (InGate 2025) is held under the theme "A Step Toward the Future," with the participation of more than 150 local and international entities, and includes more than 40 sessions and workshops discussing the future of the insurance industry and the role of innovation and technology in developing the sector and strengthening integration between regulators, investors and innovators.