This study aims to evaluate the Saudi insurance companies, according to American
Insurance Regulatory Information System (IRIS).
The study results showed that the researched companies suffer from the absence of
stability in their performance and a
ctivities, due to the great differentials in the volumes of
their portfolios from one year to another, also the study showed that these companies
suffered a great degradation in the profitability of their insurance business, despite the
increase in their collection and development rates, and degradation in the loss rates of these
business, and they depend on the profits of their investment activities to a very large extent
to cover the reduction in their underwriting business, and the Saudi market is unable to
absorb these huge development and expansion in the number of the companies and their
volumes.
The study concluded that Saudi insurance companies don't go in compliance with the
performance standards of the American insurance business, and by performing the test of
one way analysis of variation (One-Way ANOVA), to study the differentials between the
performance of the researched companies, it was proved that there isn't a significant
differences between the performance of the Takaful, cooperative insurance and cooperative
reinsurance companies, and there is a significant differences between the performance of
the Takaful reinsurance companies and the other types of companies.
