12M people insured in Saudi Arabia, market size hits SAR 40B: Al-Jalajel

Minister of Health Fahad Al-Jalajel

Saudi Health Minister Fahad Al-Jalajel said the private health insurance sector experienced significant growth, with its size reaching SAR 40 billion by the end of 2023.

The number of insured people rose by the end of last year to about 12 million from 3 million in 2011, Al-Jalajel added during his speech at the Global Health Exhibition.

The minister projected that the number of insured individuals could double by 2030, supported by the Insurance Authority.