On 10 March 2014, the Board of Ministers formally approved the “Rules and Regulations for the Operation of the Committees for the Resolution of Insurance Disputes and Violations”, described in the following update as the New Regulations. The New Regulations, published in the official gazette “Um Alqurra” on 29 March, will directly come into force on 13 April, 15 days from the day it was published. The New Regulations mark an important step in the development of the insurance market in the Kingdom of Saudi Arabia (KSA). Before examining the major aspects of the New Regulations, this update provides an overview of the Saudi insurance market and the wider context for these recent developments in KSA.