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Saudi Arabia: Third-party insurance mandatory for high-risk facilities

January 21, 2014 - 6:00am


The Saudi government has decided to make third party insurance compulsory for high-risk facilities, Arab News reported.

Kavungal Mohamed, assistant vice president of Marsh Inc., said this would have a huge impact on the country's growing insurance market, which is estimated at 25 billion Saudi riyals ($6.66 billion).

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