Revised comprehensive motor insurance rules take effect in Saudi Arabia
Saudi Central Bank (SAMA) has implemented the Revised Comprehensive Motor Insurance Rules, a move aimed at regulating the insurance sector and protecting beneficiary rights.
These rules expand insurance coverage to include relatives, private drivers, and sponsorees of the insured.
The amendment also allows corporate clients greater flexibility to customize insurance coverages and benefits according to their specific needs.
The changes underwent a transparent review process and were made accessible on SAMA's official website for insurers, clients, and interested parties.
