Bayes Business School, part of City St George's, University of London, has signed a three-year education agreement with the Saudi Insurance Authority to support the development of insurance and actuarial expertise in the Kingdom of Saudi Arabia.
The agreement will see employees of the Saudi regulator and selected industry professionals enrol in Bayes' postgraduate programmes, including the MSc in Insurance and Risk Management, the MSc in Actuarial Science, and the MSc in Actuarial Management.
The programme will run for a minimum of three academic years, beginning in September 2025.
Dr Cormac Bryce, director of the MSc in Insurance and Risk Management at Bayes, says the collaboration would benefit students on both sides and strengthen the global insurance community.
“It is our positioning at the interface of the insurance and actuarial professions that creates opportunities like this,” he stresses.
“We are pleased to be supporting the Saudi Insurance Authority and the insurance and actuarial science professions in the Kingdom.”
Bryce adds that the diversity of Bayes’ academic community fosters “a tremendous atmosphere conducive to the exchange of knowledge and insights from different cultures”.
Alderman Alastair King, Lord Mayor of London and City St George’s rector, comments: “As a global centre for insurance, reinsurance and risk management, strengthening UK ties with key international markets such as the Kingdom of Saudi Arabia is vital to maintaining and advancing our leadership in the sector.
King says partnerships like this “exemplify how knowledge exchange can support the development of resilient, future-ready financial systems”.
The CEO of the Saudi Insurance Authority, His Excellency Eng. Naji Al-Tamimi, says the initiative would play a direct role in transforming the Saudi insurance market.
“Partnering with a leading global academic institution such as Bayes Business School reflects our commitment to investing in world-class education,” Al-Tamimi highlights.
He adds: “This scholarship initiative enables a select group of Saudi professionals to gain specialised knowledge and international exposure that will empower them to lead with impact.”
