Saudi Arabia To Host Regional Social Security Forum For Asia And The Pacific In December 2023

Saudi Arabia is set to host the Regional Social Security Forum for Asia and the Pacific from December 3 to 5 in Riyadh. This event, under the patronage of Minister of Finance Mohammed bin Abdullah Al-Jadaan, is organized by the International Social Security Association (ISSA) every three years. It stands as a key regional gathering focused on social security and insurance protection.

Hosting this forum underscores Saudi Arabia's dedication to tackling future challenges and opportunities in social security. The Kingdom aims to strengthen its role as a central hub for regional and international cooperation. This event will reinforce Saudi Arabia's leadership in forming strategic partnerships that promote knowledge exchange across various fields.

The forum provides a platform for enhancing the role of the General Organization for Social Insurance (GOSI) in developing innovative services and products. By addressing global challenges, GOSI seeks to advance solutions that improve the social security landscape. Saudi Arabia aims to showcase its achievements in insurance protection and pioneering initiatives within this sector.

This year's forum will see participation from representatives of over 30 ISSA member countries in the Asia and Pacific region. More than 450 participants, including institutional leaders, social security specialists, policymakers, and experts from over 58 international organizations, will gather. They will discuss insurance protection systems, share best practices, and identify solutions to current challenges.

The collaboration at this forum aims to ensure the sustainability of insurance protection mechanisms. It also seeks to enhance social security levels for individuals. By hosting this event, GOSI intends to highlight its experience as a leading provider of social insurance services, contributing to empowering various generations through innovative products.

GOSI's Role and Achievements

GOSI has been an active member of ISSA since 1977 and has received numerous awards for its governance practices, technological advancements, business continuity, and investment strategies. Additionally, GOSI was elected as a permanent member of ISSA’s executive office alongside 322 other organizations worldwide.

The forum facilitates the exchange of best practices with participating countries. This enables Saudi Arabia to benefit from the latest developments in the social insurance sector while showcasing its distinguished track record in this field.

By hosting such a significant event, Saudi Arabia reaffirms its commitment to advancing social security on both regional and international fronts. The forum serves as a testament to the Kingdom's efforts in fostering collaboration and innovation within the realm of social insurance protection.

With inputs from SPA