The Saudi Central Bank (SAMA) has approved the development of a parcel insurance product to promote and support e-business in the Kingdom. The solution covers the risk of loss or damage during the transportation of a package.
This is another step in SAMA's efforts in introducing new products to the Saudi insurance market [4] in order to meet the objectives of the financial sector development program.
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-184-october-2021
[4] https://www.atlas-mag.net/en/article/saudi-insurance-market-in-2020