Saudi Arabia's insurance sector is set to undergo significant growth in the next ten years due to legislation making health insurance for expatriate workers mandatory, reported Arab News. Mohammed Abbas Abdul Jaleel, the Assistant GM of the Allied Co-operative Insurance Group, said Saudi's insurance market will be worth around $8bn by 2017, up from the present level of $1.9bn. 24 new firms are expected to enter the insurance sector. [AMEInfo.com]



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Posted: 09|23|07 at 6:04 am. Filed under: News.