The Insurance Authority announces the licensing of two companies to practice insurance brokerage activity.

16/07/2025

The Insurance Authority announced the final licensing of Wathak Insurance Brokerage and Saba National Insurance Brokerage to practice insurance brokerage.

In the field of electronic insurance brokerage, licenses were granted to Lead Insurance Electronic Brokerage and Over Insurance Brokerage as part of the pilot launch phase.

This step is in line with the Insurance Authority's role in supporting and empowering the insurance sector as the body responsible for regulating insurance activities and granting licenses to practice insurance in the Kingdom, thereby supporting the development and growth of the insurance sector and enhancing its competitiveness by providing better insurance services in addition to transferring qualitative expertise and diversifying the investor base, thereby contributing to the creation of an integrated insurance environment for beneficiaries.

The Insurance Authority emphasizes the importance of dealing with companies licensed by the Authority, which can be verified by visiting the Authority's website at WWW.IA.GOV.SA.