Aon and Marsh receive licences as market poised for growth

The developing market is driven by legislation for compulsory health and motor insurance and the potential for takaful

Brokers Aon and Marsh were recently granted full licenses to provide broking and advisory services in Saudi Arabia by the Saudi Arabian Monetary Authority (SAMA). The licenses were issued under legislation introduced in 2004 in preparation for the opening up of the country’s insurance market to foreign investors in the years that followed.