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In accordance with the authority vested in the Insurance Authority (IA) under the provision of the Insurance Authority Law - issued by Royal Decree No. (M / 32) dated 2/6/1424 AH, and the provisions of the Cooperative Insurance Companies Control Law - issued By Royal Decree No. (M / 32) dated 2/6/1424 AH, which refers that IA shall carry out the regulation of insurance companies and licensing.

Types Of Licenses

1

Insurance and/or Reinsurance.

2

Branches of Foreign Insurance and/or Reinsurance Companies.

3

Insurance Intermediaries (Insurance broker, Reinsurance Broker, and Insurance Agent).

4

Insurance Aggregation.

5

Insurance Service Providers (Insurance Consulting, Loss Adjusting and Assessment, Insurance Claims Settlement, and Actuarial Services).

The Guidelines

Applicants wishing to engage in an insurance activity should review the following documents:

Insurance Laws and Regulations.

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Insurance Instructions and Rules.

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Circulars Issued to the Insurance Sector.

View

Licensing Requirements.

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Insurance Licensing Guidelines.

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Application Forms

IA emphasizes that all requirements stipulated in the guidelines must be fulfilled before filling out the correspondence application form with respect to the intended activity:

License Application Form for Insurance and Reinsurance Companies.

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License Application Form for Insurance Aggregators.

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License Application Form for Branches of Foreign Insurance and/or Reinsurance Companies in Saudi Arabia.

Download

License Application Form for Insurance Service Providers.

Download

Application Process

The applicant shall submit an application to IA using the License Request Form, complete with all information including prerequisite documents and files before submitting the application via email: (lic@ia.gov.sa). If any changes occur to the given information by license applicant prior to IA's decision on the application, the license applicant shall notify IA as soon as possible.

Licensing Renewal Forms

Application Form for License Renewal Insurance and Reinsurance Companies.

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License Renewal Application Form for Insurance Service Providers.

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Other Request Forms

(Opening/Closing/Relocating) Branches/Point of Sales.

Download

Cessation of Insurance Activity Application Form.

Download

Application Form for Electronic Integration and Dealing With E-platforms.

Download

Constituents Questionnaire Form for Companies Working in the Insurance Sector.

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Amendment Form for the Articles of Association or Bylaws of Companies Engaged in Insurance Support Services

Download

Application Form for Signing the Agreement to Practice Bank Insurance Business.

Download

Application Form for Amending the Articles of Incorporation for Insurance Service Providers.

Download

Insurance agency companies request form for termination and contracting with insurance companies

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E-commerce Business Model and Product Listing on Digital Platforms.

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Qualification Request Form

Qualification Request Form

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Appendix

Draft Articles of Association.

Download

Appendix No. (9).

Download

Appendix No. (8).

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Appendix No. (7).

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Appendix No. (6).

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Appendix No. (5).

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Appendix No. (4).

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Appendix No. (3).

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Appendix No. (2).

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Appendix No. (1).

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Draft Memorandum of Association for Insurance Service Providers

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Appendix No. (10).

Download

Appendix No. (11).

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Fit and Proper Forms

Fit and Proper Form.

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Nomination Form for Appointed Heads in the Financial Institutions to Public or Private Entities.

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Financial Reporting Forms

Insurance/ Reinsurance Companies Monthly Financial Reporting Forms.

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Financial Reporting Forms Guidelines.

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Risk Indicator Form Guidelines.

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Insurance/ Reinsurance Companies Quarterly and Annual Financial Reporting Forms.

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Supplementary Notes.

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Insurance/ Reinsurance Companies Risk_Indicators Annual Form.

Download

Insurance/ Reinsurance Companies Risk Indicators Quarterly Form.

Download

Intermediaries Semi-Annual Financial Reporting Forms.

Download

Control Assessment Forms

Control Questionnaire for TPAs and Loss Adjusters.

Download

Control Questionnaire for Brokers.

Download

Control Questionnaire for Insurance Agents.

Download

Attribution models

Task request form

Download

Request form for assigning information technology and cybersecurity tasks

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