Reinsurance
ุฅุนุงุฏุฉ ุงูุชุฃู ูู
Compliance Risk Score
90/100- Verified against GASTAT/Official source
- Updated for 2026 classification
- Complete hierarchy structure
- Has cross-references to other systems
- Nitaqat localization rules mapped
- GOSI registration status verified
๐ Description
SSIC 652000: Reinsurance. Supervised by Insurance Authority. Used for company registration, Nitaqat, and licensing in Saudi Arabia.
๐ Description
Transfer of the insuredโs risk from the insurer to the reinsurer and to indemnify the insurer by the reinsurer for any payments made to the insured against damages or loss.
Supervisory entity: Insurance Authority
Licensing entity: Insurance Authority
Occupations Related to this Activity
When to use this code
Ministry of Commerce โ Commercial Registration
Saudization quotas by sector via Qiwa
Permits from supervisory authorities
National reporting โ GASTAT
FAQ
What is SSIC code 652000?
SSIC code 652000 corresponds to 'Reinsurance' in the Saudi Standard Industrial Classification (SSIC), based on ISIC Rev.4 and maintained by GASTAT. It is a activity-level code used in business registration and government filings in Saudi Arabia.
When should I use SSIC 652000?
Use SSIC code 652000 when your main business activity is 'Reinsurance'. You will need it for: company registration at the Ministry of Commerce, Nitaqat Saudization compliance, GOSI registration, and statistical reporting.
What Saudization rate applies to SSIC 652000?
Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 652000. Rates were updated in 2025-2026 for most sectors.
Data source: General Authority for Statistics (GASTAT) โ SSIC/SSCO 2026 Edition.
This data is cross-checked with Qiwa, HRSD, and ZATCA portals to ensure accuracy for business compliance.