ALRAQABA . ISSUE 20 7 SAB News that guarantee justice and transparency. The speakers addressed ways to prevent conflict of interest and ensure compliance with laws and regulations related to the insurance business. In addition, the Unit demonstrated its aims to raise public awareness of insurance activities, their advantages, risks, and associated obligations. They further specified and encouraged means for their development. The seminar discussed several topics, such as the unit’s role and achievements in controlling and developing insurance activities. Moreover, the Unit’s various departments were introduced, mainly the Legal Department, Supervision and Licensing Department, and Regulation and Licensing Department. During the seminar, IRU+, which is the central system of the Insurance Regulatory Unit, was mentioned. The IRU+ is a system that targets the implementation of the concept of Supervision Technology (Suptech). It focuses on developing ways to process and resolve complaints and enhance the detection of violations. In addition to other objectives, advantages, and quality services, the system prioritizes establishing of a service structure that enables the provision of electronic services in an integrated institutional manner. Furthermore, the seminar addressed the initiative to unify insurance policies for civil liability arising from traffic accidents (compulsory vehicle insurance) or (thirdparty liability). This policy aims to regulate subscriptions by sending notifications through various electronic sale channels, and to clearly define the principles for claim settlement. It specifies the methods and means of reimbursement, amortization ratios, conditions of recourse, and the basis for compensation due. The policy also targets enhancing the efficiency of the payment of compensation for accidents in light of the rise in the prices of vehicles and spare parts, as well as wages. Likewise, it aims to provide better insurance benefits and more comprehensive coverage for the benefit of the insured and other parties. In conclusion, Dr. Saud Al-Zamanan -Acting Assistant Undersecretary of the Administrative and Financial Affairs and Information Technology Department, paid tribute to Mr. Mohammed Al-Otaibi -Head of IRU, and his team for their efforts in presenting the seminar.
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