Over 4.1 million gather at Grand Mosque on 29th night of Ramadan    Myanmar earthquake death toll climbs to 144    Zelenskyy says new US draft minerals deal 'significantly differs,' rules out treating aid as a loan    Sudanese army says it has cleared final RSF positions in Khartoum    Trump renews push to acquire Greenland    Interior minister visits Grand Mosque operations center    Saudi Arabia prepares over 19,000 mosques and open-air prayer grounds for Eid Al-Fitr prayers    Reef Saudi bazaar celebrates rural heritage with traditional crafts and strong public turnout    World's largest barbershop opens at Clock Towers Center in Makkah to serve pilgrims    Saudi non-oil exports jump 10.7% in January    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    OMODA&JAECOO Accelerate Global Expansion JAECOO J8 records strong first month orders in Saudi Arabia, J5 prepares for launch    LOT - The Value Shop makes its grand debut in Hafar Al-Batin    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    Disney's Snow White film tops box office despite bad reviews    NewJeans announces hiatus after setback in court battle    George Foreman, heavyweight champion and cultural icon, dies at 76    Court rules against K-pop group NewJeans in record label dispute    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    









IGC to hold ‘4th Saudi Insurance Symposium'
Published in The Saudi Gazette on 20 - 04 - 2017

UNDER the patronage of Dr. Ahmed Abdulkarim Al Kholifey, Governor of the Saudi Arabian Monetary Authority (SAMA), the Insurance General Committee will hold the "4th Saudi Insurance Symposium" at King Fahd Cultural Center in Riyadh on April 30 and May 1, 2017.
The symposium is the largest gathering for insurance companies operating in the Kingdom of Saudi Arabia and across the Gulf Cooperation Council. Held on biennial basis, the symposium is designed to encourage the economic role played by insurance sector in promoting economic development and offer solutions to the top challenges facing the sector. This year, the symposium is held after the issuance of the "Saudi Vision 2030" and the following economic reforms and actions that would have positive impact on insurance sector, and will be attended by officials from major local, regional and international insurance and reinsurance companies, to discuss the economic role of insurance sector in advancing Saudi economic development. In concurrent with SAMA issuance of several new policies and regulations during this month.
Basem Odeh, Chairman of the Insurance Executive Committee, said "the agenda of this event will include important talking points related to the opportunities and challenges facing the insurance sector according to Saudi Vision 2030". He added: "the symposium seeks to provide solutions to the most significant challenges facing the insurance sector in Saudi Arabia, develop clear plans to address these challenges and a new vision for insurance future and impacts on the overall economic activity."
On the performance of the insurance sector, he said: "The insurance sector achieved positive results during last year, accounting for a growth of 157% in consolidated profits for 34 companies in 2016 compared to 2015," he stated. The gross underwritten premiums hit SR36.7 billion; 0.7% up compared to 2015."
"The 4th Saudi Insurance Symposium is another entry in the successful track record of the insurance events in Saudi Arabia." said Adel Al Eisa, the media spokesman for the insurance companies, he added: «With hosting more than 1,000 insurance specialists and a selection of local and international administrators and executives, this number of attendees will bring lots of discussion on the role of insurance sector within Saudi Vision 2030 as a central point in the Saudi National Transformation Program and for advancing economic development.»
Al Eisa added: «The 4th Saudi Insurance Symposium is associated with a state of general awareness of the important role played by Saudi insurance sector in the economic transformation of the country, particularly through stimulating the private sector to make larger contributions to the Saudi economy and raising awareness of insurance services and how to apply SAMA regulations."


Clic here to read the story from its source.