Saudi Arabia - Saudization directive for motor insurance industry
Thursday, 02 09 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Arabian Monetary Authority (SAMA) has issued a directive stating most jobs within the motor insurance industry must be Saudised later this year.
SAMA said the new rule would come into effect on July 2, according to Saudi Press Agency.
It will affect jobs in branches and centres for receiving claims, debris management and recovery, surveyors, customer care, complaints departments and other administrative roles, according to Saudi Gazette.
Monthly reports are required from insurance companies to record their progress in implementing the changes.
Companies are also required to provide training to Saudi employees.
Source: Al Bawaba