Insurance policies for cultural assets to be launched in Saudi Arabia

RIYADH: Saudi Arabia’s Ministry of Culture will be introducing a financial product that will allow the owners of artworks and other cultural assets to insure their belongings for loss or damage.

The matter will be discussed at a conference, in collaboration with the Insurance Authority, at the Cultural Palace in Riyadh’s Diplomatic Quarter next Tuesday.

The conference will bring together government officials and representatives of the insurance industry for discussions on the issue, the Saudi Press Agency reported on Thursday.