Posted by : Aahil Shaik Oct 9, 2017
INSURANCE COMPANIES TO LOCALIZE ALL JOBS WITH 100% SAUDIS BY FEB 2018
This year February, SAMA (Saudi Arabian Monetary Authority) made it mandatory on insurance companies to localize all jobs with Saudi citizens including vehicles insurance claim management, customer service, complaint dealings etc,.
Now the deadline for insurance companies is going to finish by February 2018, It should be 100% by the date and companies should provide periodic reports to SAMA, In order to take related measures on it.
- All the jobs of insurance companies like product sales, marketing and other mentioned above jobs only to be for Saudi's. Expatriates must stop from selling or marketing insurance products to individuals or companies or the agencies of insurance.
- Saudi Arabian Monetary Authority (SAMA) again called all the insurance companies this week to localize all jobs with Saudi citizens.