Exclusive - #Saudi Arabia preparing tougher rules for insurers - sources

Published: 12/10/2017
Exclusive - #Saudi Arabia preparing tougher rules for insurers - sources
Source: WWW.ISLAMICFINANCE.DE

Saudi Arabia’s central bank is preparing tougher rules for insurance companies. A new supervisory framework will be introduced in the coming months that will force insurers to boost capital significantly and improve internal risk controls. The moves are aimed at triggering consolidation in the insurance industry and forcing weaker companies to merge with stronger ones. The proposed changes were di

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