IA Chief says new insurance dispute rules boost transparency

Insurance Authority (IA), Chairman Abdulaziz Al Boug

Insurance Authority Chairman Abdulaziz Al Boug said the Saudi Cabinet’s approval of rules and procedures governing committees responsible for resolving insurance disputes and violations would help create a more reliable and efficient regulatory and legislative environment, strengthening confidence and transparency in the Kingdom’s insurance sector.

Al Boug said the approval marks an important step toward improving the efficiency of the insurance judicial system and safeguarding the rights of all parties involved in the insurance process, according to state-run news agency SPA.

According to Argaam data, the Cabinet approved the rules and procedures governing committees tasked with adjudicating insurance disputes and violations during its session held yesterday in Jeddah.