Saudi Arabia:New underwriting rules issued for insurers and MGAs

By Osama Noor | 30 Mar 2026

The Insurance Authority (IA) has approved a regulation setting out licensing requirements for underwriting activities by insurance companies and Managing General Agents (MGAs), as part of its efforts to develop the regulatory framework of the insurance sector and enhance professional standards. The IA stated that the move also aims to support market stability, strengthen governance and promote growth and transparency.

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