Insurance Brokerage License in Saudi Arabia 2026: A Guide to the New Professional Licenses in Saudi Arabia
At the beginning of 2026, the insurance sector in Saudi Arabia became one of the fastest-growing financial segments. The Insurance Authority in Saudi Arabia launched the New Professional Licenses in Saudi Arabia to regulate brokerage activities. Obtaining an Insurance Brokerage License in Saudi Arabia is a fundamental step for global firms pursuing Market entry into the Saudi Arabia, allowing them to act as a legal and technical link between clients and insurance companies in Saudi Arabia.
The process of Saudi company formation in this sector requires precise alignment with the standards set by the Insurance Authority in Saudi Arabia. This is where Motaded stands out as the management and legal consultant that ensures international investors in Saudi Arabia fulfill the requirements of Invest in Saudi Arabia and successfully secure their professional licenses in Saudi Arabia.
Part 1: What is the New Insurance Brokerage License in Saudi Arabia?
An Insurance Brokerage License in Saudi Arabia grants companies the right to provide insurance consultancy to clients in Saudi Arabia and negotiate with insurance providers in Saudi Arabia on their behalf to secure optimal coverage. The advantages of this license in Saudi Arabia include:
- Professional Independence in Saudi Arabia: The ability to offer diverse insurance solutions from multiple service providers in Saudi Arabia.
- Risk Management in Saudi Arabia: Enabling companies to provide risk assessment consultations for major businesses in Saudi Arabia.
- Integration with Regional HQ: The potential to benefit from Saudi Arabia RHQ incentives when managing regional brokerage operations from within Saudi Arabia.
Part 2: Requirements for Obtaining an Insurance Brokerage License in Saudi Arabia 2026
The requirements for the Insurance Brokerage License in Saudi Arabia cover several operational and legal criteria in Saudi Arabia:
2.1 Financial Solvency and Guarantees in Saudi Arabia
- Allocated Capital in Saudi Arabia: Companies must adhere to the minimum capital requirements specified by the Insurance Authority in Saudi Arabia.
- Bank Guarantee in Saudi Arabia: Providing a bank guarantee to the Insurance Authority in Saudi Arabia to secure professional obligations in Saudi Arabia.
2.2 Human Resources and Expertise in Saudi Arabia
- Localization of Senior Roles in Saudi Arabia: Compliance with "Saudization" percentages in supervisory and technical roles in Saudi Arabia through the "Qiwa" platform in Saudi Arabia.
- Professional Certifications in Saudi Arabia: Technical staff in Saudi Arabia must obtain accredited certifications from the Financial Academy in Saudi Arabia.
Part 3: Motaded as the Management Consultant for Organizing Insurance Business in Saudi Arabia
As your Management Consultant in Saudi Arabia, we at Motaded structure the operational side of your company in Saudi Arabia to align with the Doing business guide KSA:
- Preparing the Professional License File in Saudi Arabia: We prepare all administrative policies and business plans required by the Insurance Authority in Saudi Arabia.
- Operations Governance in Saudi Arabia: We implement internal control systems to ensure your company in Saudi Arabia complies with professional conduct regulations in Saudi Arabia.
- Technical Integration in Saudi Arabia: We ensure your company in Saudi Arabia is integrated with the mandatory electronic linking systems in Saudi Arabia for the insurance sector.
Part 4: Motaded as the Legal Consultant and Compliance Guardian in Saudi Arabia
On the legal front, Motaded acts as the Legal consultant in Saudi Arabia that builds the legal framework for your company through:
Legal Drafting and Financial Compliance in Saudi Arabia
- Drafting Articles of Association in Saudi Arabia: We write the company's governing documents in Saudi Arabia with legal clauses that guarantee the right to 100% foreign ownership in accordance with Foreign direct investment KSA regulations.
- Facilitating Sovereign Financial Procedures in Saudi Arabia: We prepare the legal files for Opening a bank account in Saudi Arabia for investors in a way that clarifies the nature of insurance brokerage activity in Saudi Arabia to banks in Saudi Arabia, facilitating the management of separate client and company accounts in Saudi Arabia.
- Protecting Contractual Rights in Saudi Arabia: We draft agreements with insurance providers in Saudi Arabia in a legal manner that protects the insurance broker in Saudi Arabia and secures their commissions and rights in Saudi Arabia.
Part 5: FAQ regarding Insurance Licenses in Saudi Arabia (FAQ)
Can a foreign investor fully own an insurance brokerage firm in Saudi Arabia?
Yes, Invest in Saudi Arabia systems for 2026 allow 100% foreign ownership in the insurance brokerage sector in Saudi Arabia, subject to approval from the Insurance Authority in Saudi Arabia.
What is the timeframe for issuing the license in Saudi Arabia?
With Motaded's assistance in Saudi Arabia, legal and administrative files in Saudi Arabia are prepared within days, while authority approval in Saudi Arabia follows the official regulatory timeline.
How does Motaded ensure the license remains active in Saudi Arabia?
Through our continuous services in Saudi Arabia for monitoring compliance, renewing records in Saudi Arabia, and adhering to periodic reporting requirements in Saudi Arabia.
Exceptional Advantage: Why Motaded is Your Strongest Partner in Saudi Arabia?
At motaded.com.sa, we don't just provide a license; we secure your professional stability in Saudi Arabia:
- In-depth Expertise in the Saudi Insurance Sector: We are fully informed on all New Professional Licenses in Saudi Arabia.
- Speed and Professionalism in Saudi Arabia: We understand the complexities of the Insurance Authority requirements in Saudi Arabia and handle them with high efficiency in Saudi Arabia.
- Comprehensive Legal Protection in Saudi Arabia: We guarantee a business environment in Saudi Arabia that is fully compliant with financial and legal systems in Saudi Arabia.
Conclusion: Your Insurance Brokerage License in Saudi Arabia is Your Path to Excellence
Obtaining an Insurance Brokerage License in Saudi Arabia is your gateway to participating in a vital financial sector in Saudi Arabia. Partnering with Motaded as your management and legal consultant in Saudi Arabia ensures you launch with strength and security in Saudi Arabia.
Contact the Motaded team in Saudi Arabia now, and let us secure the future of your insurance business in Saudi Arabia.