Saudi insurance sector records over 2 000 violations in 2025

The Saudi Insurance Authority (IA) recorded over 2 000 violations in the insurance sector in 2025.

These violations involved non-compliance with regulatory instructions, cybersecurity requirements, consumer protection rules, and anti-money laundering and counter-terrorist financing measures.

Both companies operating in the insurance market and individual executives were found responsible.

In response, the IA imposed several sanctions, including:

• A financial penalty totaling approximately 25 million SAR (6.7 million USD)
• Suspension of the issuance or renewal of insurance policies by certain companies
• Suspension of the activities of a brokerage firm