Towards a more efficient and sustainable insurance sector
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General Committee of Insurance & Reinsurance Brokers
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About the committee

A professional partnership that raises the sector

We combine our efforts to develop insurance and reinsurance brokerage in the Kingdom.

Who we are

One voice for professionals.
A vision that leads development.

تجمع اللجنة العامة لوسطاء التأمين وإعادة التأمين الجهود المهنية لتطوير قطاع الوساطة في السوق السعودي، من خلال تعزيز كفاءة الوسطاء، ودعم الممارسات المهنية، وتنمية الوعي التأميني.

Vision

Regulating the insurance and reinsurance brokerage sector in the Saudi insurance market.

Mission

An efficient insurance and reinsurance brokerage industry that helps achieve Vision 2030.

What we work for

Objectives

01

Protect the rights of insurance and reinsurance brokerage companies.

02

Raise the performance and efficiency of brokerage companies and commit them to the rules and ethics of the profession, so they serve beneficiaries better and compete positively.

03

Provide qualified people for insurance and reinsurance brokerage, including in cooperation with the Financial Academy and other licensed bodies, in line with applicable legislation.

04

Propose programmes and plans to develop the brokerage sector in all areas, raise insurance awareness, and prepare and publish studies and research.

05

Strengthen cooperation with the Insurance Authority and relevant bodies at the Arab and international levels.

06

Any other tasks related to regulating the insurance sector decided by the Council.

07

Generally, give opinions on any matter referred to the committee within its remit.

Organisational structure

  1. 01

    General Assembly

    All licensed insurance and reinsurance brokerage companies in the Kingdom.

  2. 02

    General Committee

    Led by the Chairman and Vice Chairman, for a three-year term.

  3. 03

    Executive Committee

    Follows up on the decisions and initiatives of the General Committee.

  4. 04

    Sub-committees

    Legal & Compliance, Training & Development, InsurTech, and Health Insurance.

Background

The General Committee of Insurance & Reinsurance Brokers was formed as an umbrella for brokerage companies operating in the Kingdom. It worked for years under the supervision of the Saudi Central Bank (SAMA) before oversight of the insurance sector moved to the Insurance Authority.

  • 2021: new identity launched and first meeting held with brokerage companies.
  • 2022: InsurTech Sub-committee established.
  • 2023: Bandar Al-Rabiaan elected Chairman of the General Committee.