In context: this report covers a source published on 5 Apr 2026.
In its 5 April statement, the Saudi Insurance Authority set 1 January 2027 as the effective date for a risk-based capital framework for insurers and reinsurers.
During 2026, companies are to calculate solvency under the new and existing frameworks in parallel. The authority describes a standard formula and the option of a full or partial internal model, subject to prior approval.
The framework also provides for subordinated debt as a capital instrument. This is background on the transition statement, not a new October rule or a firm-specific solvency assessment.
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Saudi Insurance Authority ↗Regulator · 5 Apr 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.