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Saudi Re will offer both life and non-life reinsurance products, for treaty and facultative types of reinsurance, successively, in all classes of business after securing the proper know how in the respective lines of business and the adequate retrocession capacity.
The Company plans to offer the following products:
| Products |
Proportional treaties |
Non-proportional treaties |
Facultative business |
| Fire |
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| Engineering |
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| General accident |
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| Marine cargo |
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| Marine hull |
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| Aviation |
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| Motor |
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| Third party liability |
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| Energy |
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| Life |
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| Medical |
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There will also be an emphasis on developing products that are acceptable to Sharia-compliant companies and management of Saudi Re will work closely with Sharia board to ensure timely launch of these products. This is also the case for Takaful products.
Prior to launching any new line of business or expanding the Company's geographical reach, management will seek approval from Executive Committee and the Supervisory Authority where applicable.
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