PriyaPatel
TLDR:
According to the Insurance Authority (IA) in Saudi Arabia, the country’s insurance sector was unaffected by a recent global tech outage caused by a software update from CrowdStrike. The IA confirmed the integrity and safety of its systems and those of the insurance sector in a statement in Arabic.
Key Points:
- The IA in Saudi Arabia confirmed the safety of its systems and those of the insurance sector following a global tech outage caused by a software update from CrowdStrike.
- The IA emphasized the importance of adopting the latest technologies and supporting cybersecurity systems to ensure seamless service.
- The IA was established in late 2023 to regulate and supervise the Kingdom’s insurance sector, aiming to enhance effectiveness, develop awareness, and protect the rights of the insured and beneficiaries.
In Saudi Arabia, the IA issued a statement in Arabic to confirm the integrity and safety of its systems and the systems of the sector following Friday’s global tech outage. The outage was triggered by a software update from CrowdStrike, impacting Microsoft and Windows systems used by critical infrastructure players across various industries.
The IA highlighted the importance of continuously developing and enhancing technical systems, leveraging the best technologies, and supporting cybersecurity measures to ensure the protection and safety of the Saudi insurance sector’s systems. The authority also mentioned its adoption of the latest technologies to facilitate operations for executives.
The IA, established in late 2023 following a royal decree in Saudi Arabia, aims to regulate, supervise, and control the insurance sector in the Kingdom. It focuses on enhancing effectiveness, developing insurance awareness, protecting rights, stabilizing the sector, promoting financial stability, and consolidating insurance contractual relationships.
