Saudi Arabia to introduce new insurance products, services over coming period: official

17/02/2022 Argaam
Adel Al-Issa, spokesman for the General Committee of Insurance Companies

Adel Al-Issa, spokesman for the General Committee of Insurance Companies


The Saudi Central Bank (SAMA) is coordinating with government business sectors as well as Najm Co. to introduce a number of insurance products and services over the coming period, Al-Eqtisadiah newspaper reported, citing Adel Al-Issa, spokesman for the General Committee of Insurance Companies.

 

The auto insurance sector is one of the fastest-growing industries in the Kingdom, Al-Issa indicated. He further added that it is a key fundamental in achieving sustainable development and Vision 2030 objectives, including boosting the contribution of the local content as well as building a diversified economic base.

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