WTW hosts event in Riyadh to mark expansion in Kingdom’s insurance landscape
Set to take place next week in Riyadh, the ‘Vision 2030 in Action: Pioneering Risk & Reinsurance’ event from WTW will bring together executives from across Saudi Arabia’s insurance sector to discuss key trends and developments.
The event will take place at the Hilton Riyadh Hotel & Residences and bring together leaders from industry, regulators, government, and family businesses. The goal is to discuss priorities shaping the insurance sector, including innovation in insurance and reinsurance, the role of AI in modern risk management, and strategies for building local talent and capabilities.
Sessions will also address emerging risks tied to giga-projects, infrastructure development, and evolving employee health and benefits needs in a transforming economy.
Marking a milestone
The event comes at a pivotal time for WTW in the Kingdom. Earlier this year, the global professional services company secured separate licenses for insurance broking and reinsurance services. Globally, WTW is one of the leading companies in the space, and with the licenses, the firm can now serve the important Saudi market.
“Saudi Arabia is a market of strategic importance for WTW and our clients worldwide. The Kingdom’s rapid economic diversification, scale of ambition, and pace of innovation present opportunities unlike anywhere else. By expanding our insurance and reinsurance capabilities locally, we are better positioned to bring global expertise, cutting-edge technology, and deep sector insights directly to the organizations shaping Saudi Arabia’s future,” said Carl Hess, CEO of WTW.
“This milestone underscores our long-term commitment to the Kingdom and to supporting Vision 2030."
In Saudi, WTW has rapidly built an on the ground capability to deliver risk, advisory, and placement solutions directly from within the Kingdom. “By combining global capabilities with local market insight, we are able to support mega-projects, national infrastructure, and emerging industries that require sophisticated risk management and long-term resilience planning,” noted Hess.
Commenting on the event and milestone, Talal Bahafi, Head of Insurance Broking at WTW, said: “By investing in local talent, technology, and innovation, we are delivering insurance solutions that directly support Vision 2030 while unlocking sustainable growth for our clients. Our ‘Glocal Advisory’ approach ensures Saudi organizations gain the best of both worlds, global expertise tailored to local priorities, creating a more resilient, competitive, and future-ready marketplace.”
Mohammed AlSudairy, Head of Reinsurance Broking at WTW added: “This milestone enables us to partner more closely with Saudi organizations on complex risk challenges, from safeguarding giga-projects to strengthening national resilience. By building the Kingdom’s reinsurance capabilities for the future, we can help ensure that major economic initiatives are protected, sustainable, and positioned for long-term success.”
