SAMA presents its strategic plan to maintain market development
On the occasion of the 3rd Saudi Insurance Symposium (SIS) recently held in Riyadh, Fahad Al-Mubarak, governor of the Saudi Arabian Monetary Authority (SAMA), presented before almost 750 participants the strategic agency plan to develop the insurance market.
This 5-year plan should, among others, put an end to the harmful competition that exists in the market and increase the retention rates of the local companies.
Actions will also be undertaken towards the policyholders who are expected to have innovative products and benefit from improved underwriting conditions.
