Insurers set to achieve 65% Saudization by year-end, says Al-Issa

Local insurance firms are expected to achieve Saudization rates of over 65 percent by the end of this year in line with the strategy of the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, Adel Al-Issa, spokesman for insurance companies in Saudi Arabia, said in a statement.

Insurers’ commitment to Saudization in the motor insurance claims and customer service departments is expected to contribute to the sector development and recovery and to enhance confidence in the industry.