Date

27th and 28th March 2019

Location

King Fahad Cultural Centre, Riyadh

Last Year's Attendance

1000

Last year's sponsers

7

About the Symposium / 5th SAUDI INSURANCE SYMPOSIUM 2019

The 5th Saudi Insurance Symposium will start in march 2019, and runs for Two days in the period between (27th and 28th March, 2019). The General Insurance Committee will organize the event, under the patronage of Governor of the Saudi Arabian Monetary Authority.

More than 1000 insurance specialist, and elite managers & executives, both locally & internationally will discuss for two Continuous days "The Insurance Industry role in the 2020 Vision". Considering the sector as a major player in achieving the 2020 National Transforming Vision due to its importance in supporting the economic cycle.
Looking forward to see you,,,

Insurance General Committee

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* Be the early bird and register for 1500SR (Until 28th February).
* Normal registration is 2000SR (1st of March until Event Date).

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News

SAMA Governor Sponsors 5th Saudi Insurance Symposium
Over 1,000 delegates from the local and international insurance sector to attend

Under the patronage of Dr. Ahmed Abdulkarim Alkholifey, Governor of the Saudi Arabian Monetary Authority (SAMA), the General Committee of Insurance Companies is organizing the 5th Saudi Insurance Symposium (SIC).

Held under the theme "Insurance: Protection and Sustainability," the event will be held at the King Fahad Cultural Center in Riyadh on March 27-28, 2019. Building on the success achieved over the four previous symposiums, more than 1,000 specialists and insurance executives, as well as top administrators and executives from local and international organizations are expected to attend.

Saudi Insurance Symposium is the largest gathering for Saudi insurance companies and the wider GCC region. Held on a biennial basis, the event aims to promote the economic role the insurance sector plays in economic development and offering solutions to pressing challenges facing the industry.

This year’s event includes discussions related to critical issues such as the impact of foreign insurance companies entering the market, as well as the role of insurance companies in supporting small- and mid-sized enterprises (SMEs). In addition, issues related to society such as the role of insurance to enhance the savings culture and auto insurance for women will also be discussed.

The 5th Saudi Insurance Symposium will also build on the positive impact that Saudi Vision 2030 and the subsequent economic reforms and actions undertaken have had on the Saudi insurance sector. Officials from leading local and regional insurance and reinsurance companies will discuss the economic role of the insurance sector within Saudi Arabia’s economic development in light of the many new policies and regulations issued by SAMA over the last two years.

Speaking about the event, Mr. Adel Al-Eisa, media spokesperson for the insurance companies, said, "The 5th Saudi Insurance Symposium comes at a time in which there is strong public awareness of the importance of the role played by the Saudi insurance sector with regards to the economic transformation the Kingdom is currently undergoing."

Al-Eisa went on to point out that the sector boasts promising growth opportunities that will come to fruition with more concerted efforts and increased public-private partnerships. For example, there have been notable improvements in the sector in terms of private contribution to the Saudi economy, a rise in awareness of insurance services, and implementation of the policies and regulations issued by SAMA.

“We are confident that the symposium will feature plenty of dynamic discussions that will further enrich the experience of the insurance industry, a cornerstone of any successful, sophisticated economy, and we look forward to the sector’s continuing success,” Al-Eisa concluded.

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