Najm for Insurance Services participated in the Global Insurance Fraud Summit, which took place on Oct. 29 and 30th in Barcelona, Spain, alongside attendees from selected insurance companies and leading sector experts and specialists from all over the world.

Through its participation in the event, Najm aimed to present Saudi Vision 2030 to the world and highlight the Kingdom’s efforts in developing and exporting local content as one of its major economic outputs.

Najm CEO Dr. Mohammed Al-Suliman participated in a work session where he reviewed Najm’s strategy and its contributions toward developing the Saudi vehicle insurance industry, in coordination and cooperation with several related parties, and under the supervision of the Saudi Arabian Monetary Agency (SAMA).

He also reiterated Najm’s position as a role model for insurance services in various sectors and praised its fruitful efforts in the fight against insurance fraud, which resulted in remarkable achievements. He also expressed Najm’s keenness to continually strengthen its anti-fraud capabilities through adopting and enhancing digital and data analysis technologies based on artificial intelligence in aims to achieve a paradigm shift in the Kingdom.

Al-Suliman noted that about 13,000 insurance fraud cases have been monitored from the beginning of 2018 to the first quarter of 2019, stressing that Najm is combating insurance fraud through an integrated department consisting of adequately trained professionals in this field.