What makes me optimistic about the future on Insurance by Mazen A. Elyas

Mazen Elyas

With the accelerated pace of business transactions, the exposure of businesses has never been higher, thanks to the introduction of new technologies, AI, E-commerce, and numerous innovations.

Business leaders are now more cognizant of the calculated risks, which can be mitigated by having the right insurance policy and the right partners. This helps them attain peace of mind regarding their assets and existing successes, allowing them to take risks in new ventures instead of jeopardizing their hard-earned gains.

Securing appropriate insurance coverage without gaps or overlaps is intricate, necessitating the oversight of experts who can ensure you have the best safety net on your worst day, even if it never comes.

In Saudi Vision 2030, the financial sector development program has added significant value to the market through authorities. We have witnessed remarkable market growth of more than double in the last 6 years, and we believe this trend will continue, potentially doubling again before the year 2030. This is driven by the vast expansion and growth of the economy, coupled with the heightened awareness among young leaders about prioritizing insurance as a mandatory cost of doing business.