Saleh Alosaimi
Riyadh
Summary
Experienced legal professional with a strong background in regulatory advisory, legislative drafting, and compliance within the insurance and financial sectors. Skilled in providing strategic legal advice, developing regulatory frameworks, and collaborating with stakeholders to achieve policy goals. Proven track record in implementing key initiatives and contributing to the enhancement of industry standards.
Overview
5
5
years of professional experience
1
1
Certification
Work History
Senior Legal Specialist
Insurance Authority
Riyadh
11.2023 - Current
- Led the development, interpretation, and analysis of laws and regulations to align with evolving industry standards. This leadership was crucial in the development and implementation of the new Insurance Law, establishing modernized legal frameworks that support regulatory objectives.
- Provided strategic legal advice to guide the Authority's decision-making and enforce regulatory standards. This advisory role was key in spearheading the issuance of unified policies, such as the Civil Liability Policy for Populated Areas and High-Risk Activities, and the Professional Indemnity Policy for Inspection Bodies under the Saudi Building Code, which improved industry accountability.
- Drafted, reviewed, and refined legislative texts, ensuring compliance with legal standards and policy goals. These efforts resulted in the successful drafting and issuance of key regulations, including the Technical Professional Report by the Appointed Actuary, which established comprehensive frameworks for regulatory compliance and reporting.
- Engaged stakeholders to communicate regulatory updates and ensure alignment across the industry. This collaboration contributed to the success of the Mandatory Insurance Initiative, which expanded insurance coverage in critical financial and business sectors, improving risk management across the industry.
Insurance Legal Specialist
Saudi Central Bank
Riyadh
01.2021 - 11.2023
- Provided strategic legal advice on insurance regulations and compliance, ensuring alignment with international standards and local laws. This expertise was critical in developing comprehensive motor insurance rules that enhanced regulatory oversight and improved policyholder protection.
- Drafted and revised key insurance laws, regulations, and policies, focusing on clarity and market consistency. This role played a pivotal part in creating the most unified Compulsory Motor Insurance Policy, streamlining coverage and policy structure across the sector.
- Collaborated with stakeholders to communicate updates, align compliance efforts, and foster industry-wide understanding. This collaboration facilitated the establishment of Marine Insurance Coverage instructions, achieving consistency in policy application, and elevating industry standards.
- Developed and implemented regulatory frameworks to enforce policies and manage risks, resulting in an improved regulatory environment that supported newly introduced rules and instructions.
- Monitored adherence to policies, conducted risk assessments, and recommended corrective actions, contributing to a more transparent and compliant insurance landscape.
- Prepared legal briefs and reports for senior management, offering insights on legislative changes and their impact on the sector, supporting informed decision-making, and policy adjustments.
Legal Associate
Leejam Sports Company
Riyadh
01.2020 - 01.2021
- Provided comprehensive legal advice to senior management, delivering strategic insights on various legal matters to guide decision-making and ensure alignment with regulatory and business objectives.
- Reviewed, drafted, and negotiated contracts, including vendor agreements, service contracts, and partnership arrangements, ensuring contractual terms protected the company's interests and mitigated potential legal risks.
- Managed litigation and dispute resolution, representing the company in legal proceedings, and collaborating with external counsel to develop case strategies and achieve favorable outcomes.
Education
Master of Laws (LL.M.) - Law
Pennsylvania State University
USA05-2019
Postgraduate Diploma - Legal Studies
Institute of Public Administration
Riyadh06-2015
Bachelor - Islamic Law (Shariah)
Taif University
Taif06-2013
Skills
- Legislative drafting and review
- Legal analysis and advisory
- Regulatory compliance and enforcement
- Project management and strategic planning
- Litigation management and contract negotiation
Certification
- IFCE (Insurance Foundations Professional Exam), The Financial Academy
- Legal English Certificate, Pennsylvania State University
- Insurance Management Simulation Program, SwissRe
Languages
Arabic
First Language
English
Advanced (C1)
C1
Timeline
Senior Legal Specialist
Insurance Authority
11.2023 - Current
Insurance Legal Specialist
Saudi Central Bank
01.2021 - 11.2023
Legal Associate
Leejam Sports Company
01.2020 - 01.2021
Master of Laws (LL.M.) - Law
Pennsylvania State University
Postgraduate Diploma - Legal Studies
Institute of Public Administration
Bachelor - Islamic Law (Shariah)
Taif University
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