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Saudi Central Bank to Launch Qualification Program for Financial Departments in the Insurance Sector
11/20/2022 12:15 PM

The Saudi Central Bank (SAMA), in cooperation with the Financial Academy, announces the launch of the Qualification Program for financial departments in the insurance sector. The Program will be held for two months, starting from January 2023.

This Program stems from SAMA's strategy to develop the insurance sector and the national talent to contribute to the preparation of specialized human resources, which form the pillar of this sector.

SAMA indicated that the Program has been prepared and designed with the best training and development solutions specialized in insurance. The Program aims to provide participants with the skills and knowledge that support their access to job opportunities in the financial departments of companies operating in the insurance sector. Spanning two months, the Program will target the training of 30 fresh graduates who hold an academic qualification related to financial management. The Qualification Program contains several training courses delivered in English, which cover several topics, namely: Insurance Foundation Certificate Exam, structures of financial statements of insurance companies, technical accounts for reinsurance, value-added tax and withholding tax, SAMA's instructions related to financial departments in the insurance sector, and the general content of International Financial Reporting Standards. For more information, please visit this (link).

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