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In 2008, international security standards were implemented for all bankcards issued in Saudi Arabia. The international system for smart payment card standards was also implemented. In 2012, compliance with the international payment card security standard (PCI) was achieved. In 2015, the new identity of the Saudi Payment Network, Mada, was launched.
In an assessment undertaken by the United Nations e-Government Survey, Riyadh, Saudi Arabia, was ranked the 30th among 40 other cities. [4] In August 2019, Saudi Arabia announced a royal decree to establish the Saudi Authority for Data and Artificial Intelligence to support the innovation and digital transformation in the country.
The General Organization for Social Insurance (GOSI) is a Saudi Arabian government agency concerned with social insurance in the country. GOSI is supervised by a board of eleven directors from government departments, employers and insured persons.
Although she believes that the guardianship system needs to be reconsidered, she thinks that Absher is an important step towards facilitating women-guardians related issues in Saudi Arabia. [21] Absher manager Atiyah Al-Anazy announced in 2019 that two million women were using the application in Saudi Arabia to facilitate their transactions. [22]
Arabian Shield Cooperative Insurance Company sells insurance products including motor, marine, property and medical insurance. In addition, the company also provides claim settlement services to its policyholders. Its customer base includes the private individuals and also the corporate clients. [1]
Elm Annual Ceremony 2019. Elm is a Saudi Joint Stock Company owned by the Public Investment Fund (PIF), which is the investment arm of the Saudi Ministry of Finance.Elm services are provided to all forms of beneficiaries, including government, corporate sector and individuals.
Bupa Arabia (بوبا pronounced /buːpə/) is a Saudi-owned and operated publicly traded company with 800 million Saudi riyals in paid-in capital.Bupa Arabia provides health insurance to the requirements of the Council of Cooperative Health Insurance and the Saudi Arabian Monetary Authority (SAMA).
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.