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Insurance pools in Saudi Arabia

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Magazine Issue: 
Insurers up against cyber risks [3]
Magazine date: 
Jun 2021

Saudi Central Bank (SAMA)The Saudi Central Bank (SAMA) says the creation of insurance pools remains essential to cover certain risks that are difficult to assess.

Among other services, insurance pools make way for better pricing and ease of policy issuance.

Two pools are currently operating in Saudi Arabia. They involve:

  • Construction pool for building defects
  • Compulsory travel insurance pool including Covid-19 coverage.

Read also | Creation of a mandatory travel insurance pool in Saudi Arabia [4]

Fri, 04/06/2021 - 14:13

Source URL: https://www.atlas-mag.net/en/article/insurance-pools-in-saudi-arabia

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-june-2021
[4] https://www.atlas-mag.net/en/article/creation-of-a-mandatory-travel-insurance-pool-in-saudi-arabia