Saudi Re posted net
income before Zakat and tax at SR28,951,773 in the last 12 months compared to
net loss of SR34,305,879 for the same period the previous year.
Saudi Re’s financial status rallies in 2012
It
has been made mandatory for Saudi insurance companies to display their
insurance policy premiums for vehicles from March. This follows a decision
taken by Saudi Arabian Monetary Agency (SAMA) urging vehicle insurance
companies to display their list of policies with the premiums. This has been
done after Saudi vehicle insurance companies said in a communication to SAMA
that their losses for 2012 were estimated at 80 percent.
New measures to regulate insurance market urged
No comments:
Post a Comment