6 ALRAQABA . ISSUE 20 SAB News The Information, Public Relations, and Information Center Department organized an outreach seminar on the role of the Insurance Regulatory Unit (IRU) in regulating, controlling, and supervising the insurance sector. The event took place on Tuesday, June 11, 2024 as part of the Unit’s attempts to promote its supervisory role in the insurance market in Kuwait and put into effect its strategy to spread awareness and insurance culture in the society. The seminar was presented by Mr. Mohammed Al-Otaibi -Head of IRU; Mr. Abdullah Al-Sinan -Deputy Head of IRU; Mr. Osama Al-Soraya -Director of the Corporate Communication Department; Mr. Sulaiman Al-Aqaili -Director of the Regulatory and Licensing Department; Mr. Ahmed Al-Yassin -Principal Researcher in the Legal Affairs Department, and Ms. Hind AlKhuzam -Senior Specialist in the Supervision and Control Department. During the seminar, IRU’s representatives presented an overview of the establishment of the Unit, and a rundown of its objectives. The objectives mentioned included the regulation and control of the activities within the insurance industry in a fair, transparent, and competitive manner. They also discussed the development of insurance activities and their tools as per the best international practices to protect customers and the implementation of policies SAB Organizes Awareness Seminar in Collaboration with IRU
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