Saudi Arabia: Shura Council urges insurance regulator to improve elderly coverage and address market gaps
Source: Middle East Insurance Review | Aug 2026
Saudi Arabia’s 151-member Shura Council or Consultative Assembly has called on the Insurance Authority to study the challenges faced by the elderly in obtaining adequate insurance coverage.
Among them, Dr Reema Al-Yahya, who raised the proposal, also urged the Authority to strengthen protection of policyholders and healthcare providers and raise the level of transparency in approval and compensation procedures, according to local media reports.
Beyond elderly care, Council members called for reforms across the insurance sector, including reviewing third-party motor insurance premiums to better reflect individual driving records, strengthening oversight of the motor insurance market, establishing a national registry for medical malpractice insurance claims, promoting fair pricing and competition in health insurance, introducing new products such as family and student health insurance, and expanding the number of insurers authorised to provide latent defects insurance for buildings. M