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Saudi Arabia: More localised jobs needed in insurance - SAMA head

Source: Middle East Insurance Review | Jun 2017

Technical and managerial jobs in the insurance sector will be soon localised, according to  Dr Ahmed Abdulkarim Alkholifey, Governor of the Saudi Arabian Monetary Authority (SAMA).
 
   “About 58% of the jobs in the insurance and reinsurance companies have so far been Saudised,” he said during a speech at the 4th Saudi Insurance Symposium in Riyadh in early May.
 
   He said that SAMA, in cooperation and coordination with the Ministry of Education, is granting scholarships to Saudi students to study actuarial sciences under the “Your Scholarship is your Profession” programme, reported The Saudi Gazette.
 
   SAMA also cooperates with a number of Saudi universities, headed by King Fahd University of Petroleum and Minerals and King Saud University, which provide such specialisation to students.
 
   He said SAMA has asked all motor insurers to establish two separate departments, one for claims and the second for customer care.
 
   “Jobs in these two departments could fully be nationalised,” he said. M 
 
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