Saudi cbank set to boost insurance market

30/04/2015 Argaam
Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, is working on bolstering the insurance sector in the kingdom, according to Fahad Bin Abdullah Al-Mubarak, governor of SAMA.
 
The move comes amid the sector’s dynamic growth. It aims to increase the efficiency and organization of insurance companies to provide better services, the state news agency reported.
 
SAMA has managed to provide several solutions that helped improve the sector’s overall performance, financially and operationally. The central bank has also outlined a strategic five-year plan for the sector.

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