Insurance
Regulation, Risk & Compliance
Uncategorized
Saudi insurers face upheaval as regulator mulls capital hike
The insurance market in Saudi Arabia is potentially facing a major shake-up as a new draft insurance law has proposed raising the minimum level of capital insurers need to hold to 500 million Saudi riyals ($133.3 million), ratings agency Moody's has said. The firm's latest CFO survey of GCC insurers…
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