Circular on Underwriting Practices for Medical and Motor Insurance

Head Office

Insurance Supervision Department

No: 5.12.5/5.1/p.2.3 Date: 2/25/0/50 Attachments: __________ Date (G): 05.12/5/59

Circular

CEO / General Manager

Company

Subject: Underwriting Practices

SAMA has noticed alarming market practices in underwriting, especially for medical expenses and motor insurance, which are not in line with international practice, and are