Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
"Most people do appreciate the need for insurance. Once people start using these insurance services they tend to see the benefits and are happy to continue purchasing insurance. At the same time, we need the enforcement to kick in properly," explains Raeed A. Al-Tamimi, CEO of Tawuniya.
"We do have large numbers of people here who are strong believers in insurance and this is increasing over time. Once people see the benefits of insurance, they do appreciate the service. Nevertheless, you cannot compare the market here with western countries that have had insurance for a long time. People here are just beginning to look for new insurance products that we don’t have yet here in the Kingdom."