25 December 2025
The Insurance Authority announces the licensing of “Abdul Latif Jameel Insurance Brokerage Company" under an experimental launch to conduct digital insurance brokerage activities.
This step aligns with the Authority's role in supporting and enabling the insurance sector as the entity responsible for regulating the market and enhancing its effectiveness. It also supports the Authority's efforts to foster innovation in insurance services, expand access to insurance solutions for all segments of society, and advance the use of InsurTech as a key driver of development and growth in the insurance sector. The Authority seeks to lead in empowering technology to improve service quality, in line with its stated objectives to develop the sector in accordance with the aspirations of Saudi Vision 2030.
The Insurance Authority recognizes the importance of developing and enhancing regulatory frameworks and transitioning toward a market built on modern technologies. Such technologies contribute to achieving the desired objectives, including the automation of processes, improving customer experience, facilitating comparison of prices and coverage options, and accelerating policy issuance procedures.
The Insurance Authority emphasizes the importance of dealing only with companies licensed by the Authority. Verification can be done by visiting the Authority's official website: http://WWW.IA.GOV.SA).