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Orient Insurance delays getting into the Saudi insurance market

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Magazine Issue: 
The pandemic risk, insurers’ future Eldorado [3]
Magazine date: 
Jul 2020

Orient insuranceInitially planned for 2020, Orient Insurance has postponed the opening of its Saudi branch to 2022.

Such measure was taken due to the coronavirus which makes travelling a complex matter and causes disruptions in economic exchanges.

For the record, the Emirati insurer has obtained the Saudi Arabian Monetary Authority (SAMA) to establish a subsidiary in Saudi Arabia with a paid-up capital of 300 million AED (81.66 million USD).

Read also | Top 10 insurance companies in Saudi Arabia [4]

Thu, 09/07/2020 - 11:29

Source URL: https://www.atlas-mag.net/en/article/orient-insurance-delays-getting-into-the-saudi-insurance-market

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[3] https://www.atlas-mag.net/en/issue/pandemic-risk-future-eldorado-of-insurers
[4] https://www.atlas-mag.net/en/article/top-10-insurance-companies-in-saudi-arabia-ranking-2019