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Saudi Arabia’s Council of Ministers has paved the way for the establishment of a formal insurance authority. This could be the final piece of the jigsaw that helps place the (re)insurance sector at the heart of the nation’s Vision 2030 plan.
Saudi Arabia’s ambitions to increase renewable sources of energy present opportunities for insurers to provide comprehensive cover for projects. However, proper assessment and technical expertise is needed. Middle East Insurance Review spoke with Marsh’s Mr Mark Walshaw about the challenges that come with renewable energy.