Reinsurance brokerage
وساطة إعادة التأمين
Compliance Risk Score
45/100- Complete hierarchy structure
- Has cross-references to other systems
- Nitaqat localization rules mapped
- Regulatory compliance requirements detailed
📌 Description
SSIC 662212: Reinsurance brokerage. Supervised by Insurance Authority. Used for company registration, Nitaqat, and licensing in Saudi Arabia.
📖 Description
negotiating contracts of reinsurance between an insurance company and a reinsurance company on behalf of the insurance company and receiving commission for placement and other services rendered from the reinsurance company
Supervisory entity: Insurance Authority
Licensing entity: Insurance Authority
Occupations Related to this Activity
When to use this code
Ministry of Commerce — Commercial Registration
Saudization quotas by sector via Qiwa
Permits from supervisory authorities
National reporting — GASTAT
FAQ
What is SSIC code 662212?
SSIC code 662212 corresponds to 'Reinsurance brokerage' 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 662212?
Use SSIC code 662212 when your main business activity is 'Reinsurance brokerage'. 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 662212?
Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 662212. Rates were updated in 2025-2026 for most sectors.
Data source: General Authority for Statistics (GASTAT) — SSIC/SSCO 2026 Edition.
This data is cross-checked with Qiwa, HRSD, and ZATCA portals to ensure accuracy for business compliance.