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Insurance Authority (IA) · Press Release

The Insurance Authority’s BOD Chairman and the CEO Express Gratitude to the Leadership on the approval of the National Insurance Sector Strategy

معالي رئيس مجلس الإدارة والرئيس التنفيذي لهيئة التأمين يشكران القيادة الرشيدة بمناسبة الموافقة على الاستراتيجية الوطنية لقطاع التأمين

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The Insurance Authority's Board of Directors Chairman, Abdulaziz bin Hassan Al-Bouq, and CEO, Engineer Naji Al-Faisal Al-Tamimi, expressed gratitude to the Saudi leadership following the Council of Ministers' approval of the National Insurance Sector Strategy. The strategy pursues three strategic objectives: strengthening insurance protection for individuals and businesses, developing a sustainable and effective insurance market, and enabling coverage of national risks. It is supported by 11 strategic programmes, 72 linked initiatives, and 9 strategic commitments tied to Saudi Vision 2030 targets, including raising insurance's contribution to GDP to 3.6% by 2030, expanding health insurance coverage to 23 million beneficiaries, insured vehicles to 16 million, and insurance sector jobs for national talent to 38,500.

PublishedJanuary 20, 2026
Effective
GazetteNot gazetted
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