IslamicFinance.de

The Saudi Arabian Monetary Authority (SAMA) has updated actuarial regulations of insurance and reinsurance companies and is calling on the public and interested parties to provide their comments and views on the draft project. The regulator seeks to protect policyholders as well as develop and regulate the performance of actuaries in addition to the development of promising career and professional opportunities for young Saudis. Saudi Arabia said that actuary plays an important role in the design and pricing of products, in addition to work on financial reports and risk management and internal audit.