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Appendix (3): Senior Positions in Insurance Sector Operating in Saudi Arabia that Require SAMA’s Written Non-Objection

No: 42064776

Effective from 2021-04-24 - Apr 23 2021
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I. Senior Positions in Insurance and/or Reinsurance Companies Operating in Saudi Arabia that Require SAMA’s Written Non-Objection

  • Board of Directors
    1. Members of the board of directors (including the board’s chairman and vice-chairman);
    2. Chairs and members of committees emerging from the board of directors; and
    3. Secretary of committees emerging from the board of directors.
  • Senior Management

The following positions, and the like: 
 

  1. Chief Executive Officer/ Managing Director/ General Director (his/her deputy);
  2. Chief Financial Officer;
  3. Chief Operating Officer;
  4. Chief Risk Officer;
  5. Chief Investment Officer;
  6. Director of Internal Audit;
  7. Chief Compliance Officer;
  8. Director of Anti-Money Laundering and Counter-Terrorist Financing;
  9. Director of Anti-Financial Crimes;
  10. Director of Anti-Fraud;
  11. Director of Information Technology;
  12. Director of Information Security/Cyber Security;
  13. Director of Governance/ Secretary of Board of Directors
  14. Director of Legal Affairs;
  15. The Appointed Actuary;
  16. Director of Actuarial Services;
  17. Director of Human Resources;
  18. Managers of Regional Branches;
  19. Director of Claims;
  20. Director of Customer Service;
  21. Director of Reinsurance;
  22. Director of Marketing;
  23. Director of Sales;
  24. Director of Underwriting; and
  25. Any other positions directly reporting to the Chief Executive Officer/Managing Director/General Manager.
     

II. Senior Positions in Insurance Service Providers Operating in Saudi Arabia that Require SAMA’s Written Non-objection

The following positions, and the like:

  1. Members of the board of directors (including the board’s chairman and vice-chairman);
  2. Chief Executive Officer/General Manager (his/her deputy);
  3. Director of Reinsurance;
  4. Officers responsible for actuarial services;
  5. Compliance Officer or Liaison Officer;
  6. Any positions in senior management specified for insurance and/or insurance companies, held by non-Saudis; and
  7. Any other positions directly reporting to the Chief Executive Officer/General Manager, held by non-Saudis.