The first foreign health insurance company to enter the Saudi market.
February 8, 2025173 ViewsRead Time: 1 minutes
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American insurance company Cigna aims to increase its investments in Saudi Arabia to 900 million riyals, as it strives to launch advanced insurance products tailored for both companies and individuals to suit the local market, according to Jason Sadler, the company's Head of International Markets.
The company, which is the first foreign health insurance company to obtain a branch license in the Kingdom with an initial capital of 300 million riyals, has begun its efforts to gradually increase investments over the coming years in line with the growth rate, as confirmed by Sadler.
It is worth mentioning that the company's market value reaches around 80 billion dollars, ranking 16th in the Fortune 500 list of the largest American companies. It operates in over 30 markets worldwide and provides services to companies of various nationalities.
