Arabia Insurance gets SAMA’s nod on new product

Arabia Insurance Cooperative Co. obtained, on March 3, the approval of Saudi Central Bank (SAMA) on the professional indemnity insurance policy for auditors as well as accountants, according to a bourse filing.

In December 2021, the insurer obtained SAMA’s approval on its two products for corporate business, including directors and officers liability and company reimbursement insurance, and political violence insurance, Argaam reported.