Saudi Arabia: Health Insurance Risk Pool Regulations Issued

Saudi Arabia: Health Insurance Risk Pool Regulations Issued News developments

Saudi Arabia: Health Insurance Risk Pool Regulations Issued

Saudi Gazette, 30 June 2021: Saudi Arabia’s Central Bank has issued health insurance risk pool regulations.

They will regulate the formation and management of health insurance risk pools through brokers.

They are aimed at providing access to suitable insurance coverage at low prices as well.

In addition, they are aimed at preserving the rights of insurance parties and respond to evolving client needs by establishing a regulatory framework for the risk pooling.

Finally, they are aimed at regulating the relationship between employers, brokers and insurers.

Also reported in Al Riyadh on 30 June 2021. For full story see https://www.alriyadh.com/1893743.

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Marlé Van Sandwyk