Saudi News

All Insurance Payments Only Through Electronic Channels -Sama

Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank and insurance market regulator, has ordered all insurers to settle payments related to insurance and reinsurance services through online channels, effective as of next January.

The central bank has banned all insurance providers from making payments in cash, Riyadh daily Al Jazirah newspaper has reported

Related Articles

Back to top button
error: Content is protected !!