News

27 March 2024

The Chairman of the Board of Directors of the Insurance Authority appreciates the issuance of the royal decree approving the appointment of members of the Authority's Board of Directors.

IA
His Excellency, the Chairman of the Board of Directors of the Insurance Authority, Mr. Abdulaziz bin Hassan Al-Bouq, appreciated the issuance of the noble royal decree by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, and Minister of Defense - may God protect him - for appointing qualified and experienced members to the Board of Directors of the Insurance Authority. The appointed members are: Saleh bin Nasser Al-Omair, Nicholas Andres Nicanor, Youssef bin Hamad Al-Bulaihed, Fahd bin Abduljaleel Al-Seif, and Ahmed bin Mohammed Al-Anzi. Al-Bouq extended his thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness the Crown Prince, Deputy Prime Minister,- may God protect them - for the continuous support and empowerment received by the Authority. He affirmed that these appointments would have a positive impact on the new phase led by the Insurance Authority, in line with its objectives to develop the insurance sector in accordance with the goals of the kingdom's Vision 2030. On their part, the newly appointed members expressed their appreciation for being appointed to the Board of Directors of the Insurance Authority. They emphasized their commitment to contribute to the achievement of the wise leadership's aspirations. They look forward to working towards achieving the goals and objectives of the Authority to develop the insurance sector in the Kingdom. The Insurance Authority is a government entity established by Cabinet Decision No. 85 on August 15, 2023, to be the entity responsible for regulating, stabilizing, and developing the insurance sector in the Kingdom. It supervises and monitors the sector. It enjoys legal personality and financial and administrative independence. The Authority is organizationally linked to the Prime Minister and is responsible for fostering insurance awareness, protecting

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