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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