The Saudi Arabia Insurance Authority has launched the second phase of its master's program in actuarial science and insurance and risk management, which will begin in 2026. Delivered with the United Kingdom's Bayes Business School and coordinated with the Saudi Financial Academy, the program is designed to prepare Saudi nationals for specialized technical and leadership roles in the insurance sector. Participants in the actuarial science track will receive accreditation from an actuarial institute recognized by the Society of Actuaries. Those in the insurance and risk management track will receive accreditation from the United Kingdom's Chartered Insurance Institute and Institute of Risk Management, both recognized by the International Association of Insurance Supervisors.