Wednesday, December 13, 2023
Saudization of Insurance Sales jobs starting from 15th April 2024
Starting from April 15th, 2024, Saudi Arabia has decided to localize insurance products sales jobs in the Kingdom. The Insurance Authority said that starting in the middle of April, all jobs that involve selling insurance products are going to be Saudize. Trending : What all are covered under Tourist Health Insurance policy in Saudi Arabia
No commission for those who are not specialists in sales :
The authority says in its decision that insurance workers who do not make sales cannot receive any commissions related to sales. As soon as the choice to Saudize is made, the Insurance Authority will make sure that it will be executed. They will do this until the target of Saudization percentage is reached.
The authority has oversight and supervision powers over the insurance business, so this falls under those powers. It is thought that the choice to localize the sales sector will have a big effect on both the sector and the rate of Saudization in the Kingdom as a whole. Most Viewed : Courts in Saudi Arabia received 100,200 labor cases in 2023
- In addition, this would help build up specialized national skills in the insurance sector. It would also help improve general performance and the quality of the services offered.
- The decision was made by the newly formed Insurance Authority as a way to support and improve the efficiency of the insurance sector and to support and strengthen national insurance sector competencies and capabilities. This is because the authority that oversees and controls the insurance business in the Kingdom has the right skills and ability to do so. Recommend : King Abdulaziz International Airport in Jeddah calls visitors to disclose 6 things
