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Suspension of four underwriting agencies in Saudi Arabia

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Magazine Issue: 
Alarm over the European Insurance [3]
Magazine date: 
Dec 2019

STOPThe Saudi Arabian Monetary Authority (SAMA) is susending the activities of four underwriting agencies.

These companies are:

  • Al-Wafaa Insurance Agency,
  • Najm Alt-Tazzam Insurance Agency,
  • My Documentary Insurance Agency
  • Mazoon Al-Namaa Insurance Agency.

The concerned companies had already been warned in 2018 for non compliance with regulatory requirements.

A consumer protection department is made available on SAMA's website www.samacares.sa [4] or via the toll free number 80012566666.

Read also | Saudi Arabia: Top 30 insurance companies [5]

Tue, 17/12/2019 - 17:22

Source URL: https://www.atlas-mag.net/en/article/suspension-of-four-underwriting-agencies

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[3] https://www.atlas-mag.net/en/issue/alert-on-european-insurance
[4] https://samacares.sa/en/
[5] https://www.atlas-mag.net/en/article/insurance-companies-in-saudi-arabia-ranking-2018