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SAMA issues the Marine Insurance Coverages Instructions
The Saudi Arabian Monetary Agency (SAMA) has recently issued the Marine Insurance Coverage Instructions (the Instructions) which were drafted in collaboration with the Transport General Authority for developing a regulatory framework for mandatory marine insurance coverage and for setting minimum limits for coverage and benefits.
Success with subrogation in the UAE
Insurers often perceive subrogated recoveries as challenging and uncertain in this region and that can be true to some extent.