Overview
The Insurance Authority (IA), the insurance regulator of the
Kingdom of Saudi Arabia was established by royal decree No. 85
dated 28/01/1445 H. IA has a clear mandate to become the
dedicated regulator for the Kingdom’s insurance sector.
The IA aims to regulate, supervise and control the insurance
sector in the Kingdom in a way that supports and enhances its
effectiveness, works to develop insurance awareness, protect
the rights of the insured and beneficiaries, stabilize the
insurance sector, contribute to financial stability, promote
and develop the insurance sector, and work to consolidate the
principles and pillars of the insurance contractual
relationship.
