CMA and Saudi Insurance Authority forge partnership

The Saudi Capital Market Authority (CMA) and the Insurance Authority (IA) have signed an agreement aimed at boosting the local insurance sector.

The partnership is intended to strengthen oversight and supervision of insurers listed on the Saudi capital market, to ensure further growth in the sector.

The agreement will also help ensure role integration and consistency between the CMA and the IA in order to support the objectives of the “Saudi Vision 2030” development plan.