Riyadh - Mubasher: Salama Cooperative Insurance Company has officially secured final approval from the Saudi Insurance Authority to market and sell a specialized insurance product focused on civil liability.
The product, which is specifically designed for crowded places and high-risk activities, is aimed at the group customer segment within the Kingdom.
This regulatory milestone allows the company to expand its commercial portfolio and address specific liability risks associated with large-scale gatherings and hazardous operations.
The Insurance Authority’s final approval was granted on 19 October. The notification was delivered through the regulator’s dedicated electronic platform under reference number 10449.
This approval marks the completion of the necessary administrative and technical reviews required by the national regulator for the introduction of new insurance offerings into the Saudi market.
By targeting the group customer category, Salama is positioning this product for corporate entities, event organizers, and facility managers.
The insurance is intended to provide financial protection against third-party claims arising from incidents in high-density environments or during activities that carry an elevated risk profile.
This specialized coverage is a critical component of risk management for organizations that operate in the public sphere, ensuring that they remain compliant with the Kingdom’s evolving safety and liability standards.
On 10 September, the company received final regulatory approval from the Insurance Authority to market and sell a new insurance product.
