Saudi Arabia – Regulatory reports every 3 months on training
Wednesday, 06 28 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Arabian Monetary Authority “SAMA” compelled insurance companies to submit quarterly reports in order document their commitment to train the Saudi youths as it imposed the deadline for the saudization of 3 sectors.
Moreover, Mr. Salah Al-Jabr, the chairman of the insurance committee in Asharqia Chamber said that “SAMA” imposed upon insurers to submit every 3 months a report on the training commitment toward citizens and the future projects to be undertaken.
He added that companies finalized all the procedures related to saudization of three departments, which include motor claims handling, customer service, and complaints noting that SAMA granted enough time for companies to achieve 100% saudization in these sectors.
Source: mal hadth