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The Syrian Insurance Supervisory Commission (SISC) has released its annual market report for the 2024 financial year.
Local insurers recorded total turnover of 570 billion SYP (44 million USD) in 2024, representing a year-on-year increase of 95.59%.
The market is dominated by health insurance, which accounted for 49.7% of the Syrian insurance portfolio in 2024. Motor insurance ranked second with a 23% market share, followed by transport insurance at 10%.
As of 31 December 2024, there were 13 insurance companies operating in Syria.