Report: How has Saudi Arabia responded to the pandemic and what are the implications for the insurance sector?

Saudi Arabia | Financial Services

Covid Response Report

Saudi Arabia’s investment in health care infrastructure in recent years has enabled the kingdom to navigate the early health care challenges associated with Covid-19 while its ample financial buffers and strong sovereign credit rating have allowed it to plug temporary revenue shortfalls resulting from the economic slowdown and collapse in global energy demand. This latest report on the one hand focuses on the broader policy responses that have been put in place to mitigate the social and economic effects of the pandemic in Saudi Arabia, and on the other looks more closely at how Covid-19 is impacting the insurance sector, and how companies such as Najm Insurance Services have had to adapt their operations in response to the crisis.

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