Market Research Store 'Governance, Risk and Compliance - The Saudi Arabian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Saudi Arabia. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operations of insurance and reinsurance companies and intermediaries.
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The report brings together Market Research Store research, modeling and analysis expertise, giving insurers access to information on insurance regulations, recent and upcoming changes in regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.
Summary
The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Saudi Arabia, including:
• An overview of the insurance regulatory framework in Saudi Arabia.
• The latest key changes and changes expected in Saudi Arabia's insurance regulatory framework.
• Key regulations and market practices related to different types of insurance product in the country.
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• Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Saudi Arabia.
• Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.
• Details of the tax and legal systems in the country.