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Strict rules for insurance companies in Saudi Arabia
(MENAFN) As part of a drive to create a smaller number of stronger market players operating in the country, Saudi Arabia's central bank is preparing more strict rules for insurance companies, according to sources.
The moves are perusing consolidation in the insurance industry and forcing weaker companies to merge with stronger ones, industry analysts said.
The Saudi insurance sector has suffered from pressure as the economy came across recession this year.
The moves are perusing consolidation in the insurance industry and forcing weaker companies to merge with stronger ones, industry analysts said.
The Saudi insurance sector has suffered from pressure as the economy came across recession this year.
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