AXA Cooperative inks auto insurance deal with Abdul Latif Finance

09/10/2019 Argaam

 

AXA Cooperative Insurance Co. signed an agreement with Abdul Latif Jameel United Finance Co. and United Installment Sales Company to provide auto insurance services for one year, the insurer said in a bourse statement.

 

The one-year deal, which comes into effect on Jan. 1, 2020, is expected to lead to a 5 percent increase in AXA Cooperative’s gross written premiums, the statement added.

 

The financial impact is anticipated to show in the firm’s financial results for fiscal year 2020.

 

The auto insurance deal has no related parties, the statement also said.

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