Saudi Reinsurance Company “Saudi Re’’ has organized a workshop on ‘’Engineering Insurance Underwriting‘’ which was attended by a number of insurance professionals from insurance companies operating in Saudi Arabia. The workshop addressed the developments in the Saudi engineering market which premiums exceed 1 billion riyals. The workshop also covered the technical aspects of underwriting engineering insurance policies including Contractors’ All Risks (CAR), Erection All Risks (EAR) Advanced Loss of Profit (ALOP), Machinery Breakdown (MB), and Electronic Equipment (EEI).
Saudi Reinsurance Company (Saudi Re) and Saudi Housing Guarantee Services Company (Damanat) have signed a Memorandum of Understanding (MoU) that establishes a collaboration framework between