Al-Jadaan says unified insurance regulator to announced soon

28/09/2022 Argaam

Minister of Finance Mohammed Al-Jadaan

A unified regulator for the insurance sector, independent of the Saudi Central Bank (SAMA), will be announced soon, Minister of Finance Mohammed Al-Jadaan stated.

 

During the sixth Saudi Insurance Symposium held today, Sept. 28, Al-Jadaan added the government initially approved a proposal to establish an independent insurance regulator.

 

The unified regulator aims to develop the sector and facilitate compliance in the health sector and other operations.

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