Riyadh – The General Organization for Social Insurance (GOSI) today signed a memorandum of understanding (MoU) with the Insurance Authority (IA) to cooperate in providing insurance products and services, developing related electronic and digital transactions, exchanging expertise, and enhancing business development between GOSI and the IA, aiming to enhance beneficiary satisfaction.

The MoU was signed on the sidelines of Fintech 24, a specialized international conference in the financial technology sector. Representing GOSI in the signing was Saud Al Juhani, Assistant Governor for Insurance Affairs, while Naji Al Tamimi, CEO of the Insurance Authority, represented the other party.

The memorandum aims to formalize collaboration between GOSI and the IA by defining roles related to the exchange of expertise, conducting workshops to benefit from successful projects and experiences, and developing mechanisms to enhance insurance operations and support joint ventures between the two parties.

Both parties will explore opportunities for data exchange and integration in providing insurance products and services, developing related electronic and digital services, and exchanging official visits. They will also collaborate in awareness campaigns, conferences, seminars, workshops, and scientific forums related to insurance, and coordinating on any future relevant initiatives.

These efforts are part of GOSI’s initiative to strengthen cooperation with various governmental and private entities, aiming to achieve effective integration among its systems, improve performance levels, and enhance services provided to beneficiaries, all in line with Saudi Vision 2030.