Saudization of insurance sales jobs
Tuesday, 10 10 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Arabian Monetary Authority issued a decision that compels insurance companies and liberal jobs companies to implement the saudization of all jobs related to insurance sales to individuals. Therefore, all insurance products sold to individuals will be marketed by Saudi employees and delegates. Moreover, it will be strictly forbidden for non-citizens to sell individual insurance whatever their positions and contractual relations are.
Moreover, the Authority confirmed its continuing efforts for the saudization of insurance and liberal jobs in order to reach the targets based on Article 79 of the executive laws of the cooperative insurance companie’s regulations issued in this regard as reported by “Okaz” newspaper.
Source: Al Arabiya