Saudi Enaya Cooperative Insurance has received approval from the Capital Market Authority (CMA) to increase its capital through a rights issue.
The non-profit Global Association of InsurTech Professionals (GAIP) has launched a chapter in India.
Najm for Insurance Services has announced ongoing efforts to enhance insurance fraud prevention and develop new indicators for assessing the legitimacy of traffic accidents and detecting fraud.
Tree Digital Insurance Agency has launched the first pet insurance service in Saudi Arabia, to meet the needs of pet owners and to add innovation to the digital insurance market.
International actuarial consulting firm Badri Management Consultancy says that it sees growth in the profitability of the Saudi Arabian insurance market.
Liva Insurance KSA has appointed SNB Capital as a financial advisor for its proposed merger with Malath Cooperative Insurance Company, according to a statement the former lodged with the Saudi Stock Exchange (Tadawul).
Tadawul-listed Rasan Information Technology Co has announced that its subsidiary, Tameeni Electronic Insurance Broker, has obtained a no-objection letter from the Saudi Insurance Authority to sell comprehensive motor insurance for leased vehicles.
The Insurance Authority has signed a memorandum of understanding (MoU) with the General Organization for Social Insurance (GOSI) to cooperate in providing insurance products and services, developing related electronic and digital transactions, exchanging expertise, and enhancing business development between the two sides, to enhance beneficiary satisfaction.
One of the biggest Saudi insurers, Tawuniya, has signed several new agreements at a FinTech event in Riyadh, with the insurer looking to make more investments.
The chairman of the Insurance Authority, Mr Abdulaziz Al-Bouq, has announced the launch of the regulator's experimental environment platform for the insurance sector, during the FinTech 24 Conference in Riyadh.