Saudi Arabia – Insurance needs to innovate new products
Saturday, 10 29 2016, Category: Insurance and Reinsurance, Country: Saudi Arabia
Experts said that insurance needs an advanced management capable of designing new insurance products, which offer an added value to the insured whether in the fields of health insurance or motor insurance and other classes. Mr. Abdulaziz Abu Al-Saud Vice-Chairman of the National Insurance Committee said that the insurance sector needs an advanced management in order to improve the operations of insurance companies, boost performance and development, improve training especially of citizens in order to nationalize jobs at all levels including high and middle management, raise insurance awareness as well as spreading moral value and combatting fraud as much as possible. He added that the other established markets have endless choices for coverage, which meet most if not all the needs of society in all the aspects of life.
Source: Al Jazirah