Logo of Saudi Central Bank (SAMA)

The Saudi Central Bank (SAMA) invites the public to send their feedback on the draft rules for loss adjusters and loss assessors via Istitlaa platform.

 

The move comes as part of the central bank’s efforts to develop the insurance sector, particularly insurance service providers, to support and develop the practice of loss adjusters and loss assessors in the Kingdom.

 

The rules aim to provide a comprehensive flexible legal framework for loss adjusters and loss assessors’ practices and set the bare minimum requirements for their work. They also target regulating the relationship between loss adjusters and loss assessors and their clients, to enhance the efficiency of the sector.

 

Participants should provide their feedback no later than 15 days from this publication.

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