The insurance industry gained greater prominence in the Kingdom of Saudi Arabia after the opening of the sector to foreign entities and the resulting consolidation that followed. Furthermore, the industry experienced rapid growth when vehicle and medical insurance became mandatory in the Kingdom and as new economic reforms encouraged foreign investment and economic diversification. The laws and regulations governing various aspects of insurance also evolved and became much broader to help regulate relations between different players in the insurance sector.
With over 50 years of experience, AlGhazzawi & Partners is considered the leading Saudi law firm for resolving complex insurance disputes. We have been active participants in the growth of this sector with broad experience representing and advising insurers, policyholders, and other stakeholders on commercial insurance agreements and coverage disputes.
Our firm has remained at the forefront of the rapidly evolving legal and regulatory regime governing insurance in the Kingdom. We have helped draft complex agreements between industry participants including:
Our insurance practice also has vast experience resolving commercial insurance claim disputes including those involving:
We work closely with our clients to analyze coverage issues and develop cost-effective strategies to maximize the claim value of their insured assets.
We apply our insurance expertise and vast resources to resolve insurance claim disputes using the most timely and cost-effective methods available. We settle most disputes through persuasion and negotiation using Alternative Dispute Resolution mechanisms. However, when necessary, we pursue litigation to recover monetary damages when insurers deny claims and are unwilling to negotiate a fair settlement.
Our Insurance Practice team has represented domestic and international insurance companies, policyholders, and other stakeholders on complex matters before the Committees for Settlement of Insurance Disputes and before the administrative courts and general courts.
Notable Insurance Related Matters Include:
Providing ongoing advice to a joint-stock company engaged in multiple insurance businesses on different issues related to insurance matters.
Representing a leading insurance agency and brokerage firm engaged in underwriting medical and vehicle insurance policies with the principal over claims of unpaid commissions as well as damages over breach of contractual obligations.
No matter the complexity of your insurance dispute, our legal team has the capabilities and depth to defend your interests and produce sound resolutions. With offices located in Jeddah, Dammam, and Riyadh, we support domestic and international clients across the Kingdom. Contact us to book a consultation.
Let us help you conduct business with confidence. Contact our legal team today for immediate assistance.
It’s an exciting time to start a new business in the Kingdom. Whether you’re a Saudi national with entrepreneurial ambitions or a foreign company assessing the market, we can help.
AlGhazzawi Business Tower, 8th Floor
Prince Muhammad Street
P.O. Box 381, Dammam 31411
T: +966 13 8331611
F: +966 13 8331981
It’s an exciting time to do business in the Kingdom. Working with the right law firm makes all the difference. Whether you’re a Saudi national with entrepreneurial ambitions or a foreign company assessing the market, we can help.
