Exam Overview

A mandatory exam by Saudi Central Bank (SAMA) and is considered one of the measurement tools that contribute to verifying the existence of a minimum level from the knowledge and skills in the compliance field among the compliance employees in the insurance sector, as it includes a number of knowledge, skills, practices and realistic examples related to the concept of commitment and verification of it.

Sectors
Target Audience

All employees in compliance jobs in the insurance sector.

Exam Profiles
Professional Exam for Compliance Officer in the Insurance Sector
Exam Language

Arabic

Degree of Success

35 Degree

Exam Duration

60 Minutes

Exam Owner

Academy

Eductional Tutorial
Professional Exam for Compliance Officer in the Insurance Sector - English
Exam Language

English

Degree of Success

35 Degree

Exam Duration

60 Minutes

Exam Owner

Academy

Eductional Tutorial
Competencies and its Weights

Chapter 1: Concept of Risk Management and Insurance Business: 20%

Chapter 2: Principles of Compliance and Governance in Insurance Companies: 25%

Chapter 3: Principles of Commitment to Combating Fraud, Money Laundering and Terrorism Financing in Insurance Companies: 25%

Chapter 4: Rules and Procedures for Insurance Brokerage and Agency Business: 15%

Chapter 5: Attribution of Insurance and Reinsurance Companies and Self-Employed Persons: 15%

Exam Requirements

Not Available

Additional Requisites

Examinee must be either a Saudi citizen, a citizen of a GCC member state or treated as a citizen based on the regulations of the labor law.

Prerequisite Programs

Not Available

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