As part of its efforts to share best practice with its clients, Saudi Re has organized a training workshop titled “Commercial Property Underwriting”   The event, held in Riyadh on Jun 19th & 20th 2012,  was attended by an audience of insurance professionals representing 20 companies in the Saudi insurance industry. The training workshop focused on the technical aspects of property underwriting covering the different types of construction and their characteristics, common occupancy hazards, fire protection systems, fire and natural catastrophe exposures, and evaluating the risk of burglary and theft. Mr. Fahad Al-Hesni, MD-CEO of Saudi Re, commented “Property insurance approximately generates premiums of SAR 1 billion representing 6% of the overall insurance market in Saudi Arabia. Thus, Saudi Re conducts these training programs to strengthen the technical knowledge of property line of business which has a great growth potential especially in the light of the economic and infrastructure developments we are experiencing in the Kingdom.” He also added “this workshop comes as part of a series of training events covering a spectrum of topics which Saudi Re hosts for its clients of insurance companies across different markets”.

Saudi Re organizes a seminar to its clients titled: “Saudi P&C Market: Trends & Developments” on Oct 10th 2012 in Riyadh. The seminar provides  the industry professionals with an update of the key trends of the insurance and reinsurance market in Saudi Arabia, and discusses the design of optimal reinsurance coverage. The key topics include: trend analysis of pricing and terms of primary insurance in the Saudi market in property, engineering and motor lines of business, developments in the reinsurance pricing and renewals in the Saudi market, and issues relating to managing exposure and setting retention levels.

Saudi Re sponsors of the 7th International Takaful Summit (ITS) which will take place in Cairo- Egypt, on the 18th-19th February 2013.  ITS is considered one of the key events in the Takaful industry and attracts the attention of industry professionals regionally and internationally. The seventh summit features the theme of “Capitalizing on the Potential of Global Takaful Industry”  www.takafulsummit.com/2013

Saudi Re participates as a sponsor of the 40th African Insurance Organisation (AIO) Conference taking place in Cairo, Egypt from the 26th to 29th May 2013 under the theme: “The Role of the African Insurance Industry to support the Economic Developmetn of African Countries”.  Detail can be found through the below link: AIO 2013 Conference

“ Saudi Re ‘’ organizes a seminar for its clients titled: “ Developing Life Insurance in KSA “ on May 22nd 2013, which will be held at the Four Seasons Hotel, Riyadh.   The seminar provides an overview on the life insurance market in the Kingdom and discusses development opportunities. The seminar focuses on the saving and protection sector and the opportunities for developing insurance offerings in the Kingdom. The main topics of seminar include growth potential in Saudi life insurance and development opportunities.  Life_Seminar

As part of Saudi Re efforts to further strengthen its human capabilities, we are pleased to announce the appointment of Mr. Tarik Aouad as Chief Business Development Officer. Tarik is a well-known reinsurance proffessional in teh region having worked for 15 years in different reinsurance roles, last was the general Manager of Hannover Re Bahrain. Tarik enjoys vast experience in teh technical and strategic fields of reinsurance and has deep knowledge of MENA and Asian markets. He is a graduate of Mathematics and Computer Science from the University of Muenster in Germany. In his capacity as Chief Business Development Officer, Tarik will contribute to the development and growth of Saudi Re through multifaceted roles that enable the company to achieve its strategic objectives.