Logo of Saudi Reinsurance Co. (Saudi Re)
In a statement to Tadawul, the company said the initiative represents a national public-private partnership supervised by the IA. It aims to strengthen the insurance market’s capacity to manage marine risks. 
The initiative also seeks to support the continuity of trade and supply chains, mitigate the impact of volatility in global reinsurance markets, and enhance the Kingdom’s competitiveness as a global logistics hub.
According to data available with Argaam, Finance Minister Mohammed Al-Jadaan said the Saudi Cabinet had approved the establishment of a Saudi pool to provide war-risk insurance for cargo and ships.
The Saudi Pool is a specialized national mechanism designed to strengthen the insurance market’s ability to manage marine risks and support the continuity of trade and supply chains through a public-private partnership.
Logo of Saudi Reinsurance Co. (Saudi Re)
In a statement to Tadawul, the company said the initiative represents a national public-private partnership supervised by the IA. It aims to strengthen the insurance market’s capacity to manage marine risks.
The initiative also seeks to support the continuity of trade and supply chains, mitigate the impact of volatility in global reinsurance markets, and enhance the Kingdom’s competitiveness as a global logistics hub.
According to data available with Argaam, Finance Minister Mohammed Al-Jadaan said the Saudi Cabinet had approved the establishment of a Saudi pool to provide war-risk insurance for cargo and ships.
The Saudi Pool is a specialized national mechanism designed to strengthen the insurance market’s ability to manage marine risks and support the continuity of trade and supply chains through a public-private partnership.
