The Ministry of Culture, in collaboration with the Insurance Authority, will organize the Cultural Insurance Conference in Riyadh on Tuesday to introduce the recent cultural insurance product that helps owners of artworks and other cultural assets in the Kingdom secure their holdings, protect them, and preserve them.
It also ensures financial compensation in case of accidents that lead to the loss or damage of these cultural assets, commensurate with the damage and fair value of the assets.
The conference, which will be held at the Cultural Palace in the Diplomatic Quarter, will bring together officials and CEOs specialized and interested in the cultural and insurance fields. It will consist of dialogue sessions of leaders in the cultural and insurance systems in the Kingdom, specialists and individuals interested in these fields, to highlight the notion of "cultural insurance" and its role in creating an environment that helps protect heritage assets.
The Ministry of Culture will sign an insurance policy on cultural assets during the event.
The ministry is organizing the conference with the aim of shedding light on the cultural insurance product, presenting the risk management of cultural assets and sites, and promoting awareness about the importance of preserving cultural assets as part of the Kingdom's heritage.
