Riyadh – Mubasher: The market share of vehicle insurance in the Saudi insurance sector reached 38% of market premiums in the first quarter of 2016, up 9% from 29% recorded in Q4-15, a new report by Al Bilad Capital showed.

Health insurance maintained its top spot in terms of insurance premiums, although its market share fell 4% to 48% from 52% in Q1-15, from 52% in the previous quarter.

General insurance retreated 4.2% to 11.8% of the Saudi market in Q1-16 from 16% recorded in Q4-15, while the protection and savings insurance stood at 2.5% in Q1 this year, compared to 3% in Q4 last year.