This market briefing will discuss current developments in the Saudi Arabian insurance market, from a legal and regulatory view point and will address how these issues affect reinsurers and the opportunities which are arising.

The Saudi Arabian market has grown significantly over the past two decades. Despite being the largest market in the region, the market for insurance is still relatively under-penetrated and opportunities across all lines of business exist for reinsurers prepared to understand the complexities of the market.

The speakers will provide an overview of the Saudi Arabian (re)insurance market and will address:

• The regulators and their role in the market
• Legislation and regulations applying to local insurers, content of policies and how policies are interpreted
• Resolution of coverage issues
• Key issues for reinsurers conducting business in Saudi Arabia
• Future opportunities