Buruj Cooperative Insurance Co. (Buruj) said that motor insurance policies sales could increase following the General Department of Traffic’s (GDT) announcement on completion of the automatic linking of motor insurance procedures in its records at the National Information Center.

 

The step will result in the automated seizure of vehicles with expired insurance policies starting from July 22, 2020, the insurer said on Thursday in a bourse filing.

 

The decision will have an impact on motor’s gross written premiums (GWPs), the company noted, indicating that it is currently difficult to determine the exact financial impact.

 

The insurer will disclose any developments in due course.

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
12,025.05
54.86 0.46 %
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,950.0011,975.0012,000.0012,025.0012,050.0012,075.00
Close : 12025.05 | Mar 27, 15:20
More

Quotes

BURUJ
18.68
0.18 0.97%
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0018.3018.4018.5018.6018.7018.80
Close : 18.68 | Mar 27, 15:20
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website