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Saudi Arabia: Saudi Arabia opens electronic insurance markets: towards a digital future for the sector

The Insurance Authority has proposed a draft amendment to the Electronic Insurance Operations Regulation, to allow the sale of various products through websites. The amendment includes Article XIII, which stipulates that “the company must apply for the approval of the Insurance Authority for the types of insurance products that will be sold through its website, taking into account the need not to sell protection insurance policies.

Source: Al Morakeb Group