{"id":92251,"date":"2025-11-05T15:56:06","date_gmt":"2025-11-05T12:56:06","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=87314"},"modified":"2025-11-05T15:56:06","modified_gmt":"2025-11-05T12:56:06","slug":"%d8%a7%d9%84%d8%aa%d8%a3%d9%85%d9%8a%d9%86-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d9%81%d9%8a-%d8%a7%d9%84%d9%85%d9%85%d9%84%d9%83%d8%a9-%d8%af%d8%b1%d8%b9-%d8%ad%d9%85%d8%a7%d9%8a%d8%a9-%d9%84","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/92251\/","title":{"rendered":"Real estate insurance in Saudi Arabia. A shield for the market and an engine for sustainable growth"},"content":{"rendered":"

Real estate activity and major residential and economic projects in the Kingdom of Saudi Arabia are witnessing a great boom, as part of the objectives of Saudi Vision 2030, which aims to enhance market stability and achieve sustainable development, which has contributed to a significant expansion in the real estate insurance sector in Saudi Arabia in recent years.<\/p>\n

Historic jump in real estate insurance premiums in Saudi Arabia<\/strong><\/span><\/h4>\n

Written premiums in the property and fire insurance branch - which includes real estate - amounted to about SAR 803 billion and 878 million during the third quarter of 2024, compared to SAR 453 billion in the same period of 2023, with a growth rate of more than 80%, according to data issued by the Saudi Central Bank \u201cSAMA\u201d.<\/p>\n

Accelerating growth and a strong outlook for the future<\/strong><\/span><\/h4>\n

The Kingdom's property and casualty insurance market was valued at $9 billion and $620 million in 2025 and is expected to reach $20 billion by 2030, growing at a CAGR of 16.4%, according to a report by Mordor Intelligence.<\/p>\n

CEIC Data platform data also revealed that net written premiums for the property and fire branch reached SAR 72,734 in September 2023, compared to SAR 26,000 in June of the same year, reflecting the expansion of the customer base and insured projects, while the Saudi insurance market as a whole grew by 20.4% during 2024, the highest pace of growth in a decade, confirming the success of regulatory reforms and transformation programs in the financial sector.<\/p>\n

Types of real estate insurance services<\/strong><\/span><\/h4>\n

They include Real Estate Insurance Coverage<\/a> The Kingdom has several main branches, most notably: -
\n- Insuring construction and engineering projects to cover risks during execution and delays in completion.
\n- Insuring buildings and properties against fire and disasters to protect residential and commercial investments.
\n- Construction Defects and Civil Liability Insurance is one of the most sought-after products in the modern housing market.<\/p>\n

Existing Challenges for Real Estate Insurance in Saudi Arabia<\/strong><\/span><\/h4>\n

The real estate market in the Kingdom faces some challenges with regard to real estate insurance, including poor insurance awareness and the low penetration rate of real estate insurance, which does not exceed 1.5% of the total insurance market, but experts recommend including mandatory insurance in real estate financing contracts and expanding coverage to include new risks, which contributes to enhancing investment protection and raising the confidence of investors and consumers alike.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Real estate activity and major residential and economic projects in the Kingdom of Saudi Arabia are witnessing a major boom, as part of the objectives of Saudi Vision 2030, which aims to enhance market stability and achieve sustainable development, which contributed to a significant expansion in the real estate insurance sector in Saudi Arabia in recent years. A historic leap in real estate insurance premiums in Saudi Arabia, with written premiums reaching ... Read more<\/a><\/p>","protected":false},"author":10,"featured_media":85817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[119],"tags":[],"class_list":["post-92251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"\u0627\u0631\u062a\u0641\u0627\u0639 \u0642\u064a\u0627\u0633\u064a \u0641\u064a \u0623\u0642\u0633\u0627\u0637 \u0627\u0644\u062a\u0623\u0645\u064a\u0646 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0628\u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0628\u0646\u0633\u0628\u0629 \u0646\u0645\u0648 \u062a\u062c\u0627\u0648\u0632\u062a 80% \u062e\u0644\u0627\u0644 \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b \u0645\u0646 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