The Insurance Authority in the kingdom of Saudi Arabia has launched the new ‘ingate’ digital platform to allow interested participants to register their interest in participating in and attending the Global Insurance Conference and Exhibition.
The event will be hosted by the Insurance Authority in Diriyah, Riyadh, from November 10 to 12. The official platform has already generated significant interest from experts representing both local and international organizations dedicated to the insurance sector and its future growth.
Insurance Authority Chief Executive Officer Eng. Naji Al-Tamimi expressed his appreciation for the strong response, describing it as a clear reflection of the local and international interest in the recently announced conference, the first event of its kind in the Kingdom’s insurance history.
Al-Tamimi said he is optimistic the conference will achieve the Insurance Authority’s ambitious objectives, which include aligning the insurance sector with Saudi Vision 2030 and national priorities and fostering collaboration between government, the private sector, and international stakeholders.
The conference will identify gaps in local and global insurance markets and create strategies to turn these gaps into opportunities. It also aims to raise public awareness about insurance benefits, helping to increase insurance penetration, which currently stands at 2.59 percent of non-oil gross domestic product (GDP) based on 2024 market data.
The event will support sustainable growth through innovation, financial sustainability, and expansion of insurance programs, particularly protection and savings insurance, which represents only 10 percent of the Saudi market but offers significant growth potential.
The Global Insurance Conference and Exhibition will feature discussions on the future of insurance through more than 40 dialogue sessions, workshops, and events with 100 speakers and more than 150 local and international organizations. The 15,000-square-meter exhibition is expected to attract more than 7,000 visitors during the three-day event.
