Bahrain pushes ahead with Muharraq city redevelopment plan Halliburton wins multi-year Aramco gas development contract Saudi: Kent secures long-term deals with Aramco for future EPC projects Oman and Jordan launch $100mln investment firm Modon, ADIB introduce Abu Dhabi’s first off-plan home financing solutions Abu Dhabi launches maritime investment guide to attract global businesses Saudi Arabia inaugurates over 900km of roads to boost connectivity Gulftainer unveils $2bln global trade infrastructure strategy Saudi Arabia's trade surplus surges 60% to over $24bln in Q1 2026 UAE, Panama discuss boosting trade, investment, supply chains as part of 'UAE Trade Days' Sharjah Chamber registers 30,000 memberships in H1 Saudi tourism spending reaches record $81bln in 2025 Dubai's AMIS breaks ground on Jacob & Co.’s villa community; targets $10bln IPO in three years UAE's new government work model to deploy Agentic AI in public services Indonesia, Kuwait strengthen strategic energy partnership Kuwait unveils framework for 15-year residency for expat investors Riyadh Air takes off on first domestic route to Jeddah Bahrain issues laws to protect investments Qatar's Hamad Port sails into the world's top eight Kuwait air traffic returns to normal, flights resume QatarEnergy announces new oil discovery offshore Namibia UAE developer Alef launches $1.1bln mixed-use development in Sharjah ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says Dubai real estate deals in April surge to $18.7bln Saudi's SAMA mandates advance notification of investment rounds by financing companies Qatar maritime trade activity accelerates in May Oil steadies as uncertainty over US-Iran talks keeps markets on edge Qatar: Relatively hot daytime conditions expected, moderate night Dubai Centre for Family Businesses explores ways to strengthen business adaptability Saudi Crown Prince, UAE President discuss regional security and cooperation

Log in

عربي

Media Centre

Home » Media Centre

Saudization of all insurance product sales jobs takes effect on April 15

Saudization of all insurance product sales jobs takes effect on April 15

Saudization of all insurance product sales jobs takes effect on April 15

Apr 16, 2024

RIYADH — The Ministry of Human Resources and Social Development announced that the government decision to Saudize all jobs related to sales of insurance products takes into effect on Monday, April 15.

The ministry’s move to implement this decision, in partnership with the Insurance Authority, is aimed at creating jobs for Saudi citizens as well as to enhance the economic activity of the insurance sector.

The Insurance Authority will follow up on the implementation of the Saudization decision from the date of issuance of the decision until the target Saudization percentage is reached. This is within the jurisdiction of the authority’s supervisory and oversight roles over the insurance sector.

In December 2023, the Insurance Authority issued its decision to Saudize all jobs related to sales of insurance products from the middle of April. The decision stipulates that insurance workers in the non-sales sector are not entitled to accept any commissions related to sales.

The decision to localize the sales sector is expected to have a significant impact not only on the sector but also on the total rates of Saudization in the Kingdom. This would also contribute to developing specialized national competencies interested in the insurance sector, as well as to improve overall performance and raising the quality of the provided services.