Investor Presentaiton
24
Inherent Defects Insurance (IDI)
A Key Driver for Growth and Sustainable Profitability
إعادة
Saudi Re
Design Phase
Provide underwriting info
(general drawings, sum insured,
ground report)
2
Construction Phase
Notify eventual
construction
changes
3
Practical completion
Provide completion
certificates, confirm final
construction costs
Client
Start of construction
Policy issue
End of construction
Insurer
Review information provided
& submit quotation
Review eventual risk changes
TIS appointment/risk apraisal
Policy:
Deposit
Premium
TIS site inspection from start of
works
Confirm conditions, adjust
premium on final constructin
cost & issue policy
Source: Construction Permits data from MOMRA
Procurement Process
Timeline
IDI Policy
Final
Premium
TIS final report
10 year IDI Cover
Public
www.saudi-re.comView entire presentation