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GOSI says 9.5 mln customers subscribed to social insurance scheme by 2014
Saudi Arabia’s General Organization for Social Insurance (GOSI) said that a total of 9.5 million clients were subscribed to the social insurance scheme by the end of last year, marking a year-on-year rise of 4.6 percent.
According to GOSI’s annual report for 2014, 179,000 subscribers were said to come from the public sector, representing 1.9 percent of total subscriptions.
Meanwhile, more than 98 percent of those insured came from the private sector, which accounted for 9.3 million subscriptions.
Despite last year’s growth, the kingdom’s crowded insurance sector has come under pressure in recent years amid low penetration rates and higher medical costs, which has made it more difficult for smaller firms in the market to maintain or grow their presence.
|
Subscribers (Feb 2005 – Oct 2014) |
||||||
|
Total |
Private |
Public |
Years |
|||
|
Change |
Subscribers (thousands) |
Change |
Subscribers (thousand) |
Change |
Subscribers (thousand) |
|
|
+8.2% |
3.040.134 |
+8.4% |
2.864.940 |
+4.7% |
175.194 |
Feb. 10, 2005- Jan. 30, 2006 |
|
+10.5% |
3.359.566 |
+10.9% |
3.177.906 |
+3.4% |
181.660 |
Jan.31,2006-Jan.19, 2007 |
|
+12.5% |
3.749.575 |
+13.8% |
3.579.591 |
(9.5%) |
169.984 |
Jan.20,2007-Jan.10-2008 |
|
+7.7% |
4.031.146 |
+8.6% |
3.876.006 |
(10.8%) |
155.140 |
Jan.10-2008- Dec. 29, 2008 |
|
+9.5% |
4.390.447 |
+9.8% |
4.235.677 |
+1.7% |
154.770 |
Dec.29, 2008- Dec.18,2009 |
|
+9.6% |
4.788.275 |
+9.7% |
4.623.471 |
+5.6% |
164.804 |
Dec.18,2009-Dec.7, 2010 |
|
+13.8% |
5.426.425 |
+14.1% |
5.255.626 |
+5.2% |
170.799 |
Dec. 7, 2010- Nov.26, 2011 |
|
29.4% |
6.985.687 |
+30.8% |
6.838.564 |
(13.0%) |
147.123 |
Nov.26, 2011- Nov. 15, 2012 |
|
+30.1% |
9.089.891 |
+30.5% |
8.924.794 |
+12.2% |
165.097 |
Nov.15, 2012- Nov. 4, 2013 |
|
+4.6% |
9.509.384 |
+4.5% |
9.330.068 |
+8.6% |
179.316 |
Nov. 4, 2013- Oct. 25, 2014 |
The number of insured Saudi clients hit 1.7 million during the period of which 90.3 percent were private sector employees. Around 9.7 percent were public sector workers.
However, foreign national subscribers totaled 7.8 million by the end of 2014, of which 99.8 percent were private sector employees and 0.2 percent public sector employees.
|
Nationalities of Subscribers |
||||
|
Private |
Public |
Region |
||
|
Expat |
Saudi national |
Expat |
Saudi nationals |
|
|
2.674.281 |
568.336 |
6.458 |
61.855 |
Riyadh |
|
327.719 |
43.496 |
155 |
4.614 |
Qassim |
|
115.272 |
14.266 |
106 |
1.949 |
Hail |
|
117.894 |
13.530 |
38 |
4.233 |
Al-Kharj |
|
1.426.129 |
294.506 |
2.790 |
19.325 |
Jeddah/Makkah |
|
334.810 |
49.239 |
134 |
6.965 |
Makkah |
|
223.150 |
32.933 |
156 |
5.861 |
Madinah |
|
80.795 |
13.473 |
165 |
4.888 |
Tabuk |
|
113.844 |
14.802 |
7 |
5.490 |
Taif |
|
80.703 |
15.726 |
1.237 |
3.441 |
Yanbu |
|
1.153.328 |
282.855 |
2.110 |
13.710 |
Eastern Province |
|
163.135 |
26.069 |
76 |
5.379 |
Al-Hasa |
|
67.556 |
7.199 |
112 |
1.643 |
Al-Jouf |
|
207.171 |
53.156 |
1.033 |
5.597 |
Al-Jubail |
|
85.723 |
8.178 |
0 |
3.102 |
Hafar Al-Batin |
|
40.558 |
4.888 |
14 |
904 |
Northern Borders Region |
|
230.788 |
36.019 |
357 |
6.330 |
Aseer |
|
102.092 |
13.917 |
8 |
3.396 |
Jazan |
|
44.883 |
6.376 |
10 |
1.554 |
Al-Baha |
|
122.065 |
14.284 |
0 |
2.020 |
Najran |
|
40.026 |
4.870 |
4 |
1.395 |
Al-Beshah |
|
53.905 |
6.123 |
0 |
695 |
Dawadmi |
|
7.805.827 |
1.524.241 |
14.970 |
164.346 |
Total |
In addition, 51.3 percent of total subscribers were paid less than SAR 1,000.
Meanwhile, Saudi employees whose salaries range between SAR 3,000- 3,499 per month represented 50 percent, or 845,000 of total Saudis insured.
The number of Saudi workers whose salaries range between SAR 5,000-10,000 per month totaled 310,000.
The below table shows the nationalities and monthly salary levels of insured workers during 2014.
|
Subscriber Nationalities and Salaries |
|||||
|
Change |
(Nov.4, 2013/Oct.25, 2014) |
(Nov.15, 2012/Nov.4, 2013) |
Salary |
||
|
Total |
Saudi |
Total |
Saudi |
||
|
(0.6%) |
2.553.721 |
-- |
2.567.955 |
-- |
Less than 500 |
|
(6.1%) |
2.328.733 |
-- |
2.479.667 |
-- |
500-999 |
|
+17.5% |
1.139.305 |
-- |
969.458 |
-- |
1000-1499 |
|
+14.6% |
579.530 |
47.330 |
505.714 |
73.227 |
1500-1999 |
|
+19.8% |
286.036 |
15.392 |
238.717 |
18.535 |
2000-2499 |
|
+14.7% |
186.253 |
19.214 |
162.451 |
24.266 |
2500-2999 |
|
+1.3% |
987.539 |
845.010 |
975.340 |
853.219 |
3000-3499 |
|
+26.8% |
200.894 |
108.971 |
158.480 |
83.977 |
3500-3999 |
|
+26.4% |
156.843 |
78.848 |
124.085 |
59.017 |
4000-4499 |
|
+21.6% |
91.224 |
41.450 |
75.008 |
35.713 |
4500-4999 |
|
+19.5% |
208.876 |
116.851 |
174.760 |
100.517 |
5000-5999 |
|
+20.1% |
121.154 |
58.983 |
100.839 |
51.254 |
6000-6999 |
|
+19.5% |
99.762 |
51.144 |
83.492 |
45.225 |
7000-7999 |
|
+18.2% |
85.917 |
47.012 |
72.681 |
41.724 |
8000-8999 |
|
+21.8% |
63.660 |
36.398 |
52.265 |
30.076 |
9000-9999 |
|
+20.3% |
419.937 |
221.984 |
348.979 |
191.488 |
10000 and more |
|
+4.6% |
9.509.384 |
1.688.587 |
9.089.891 |
1.608.238 |
Total |
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