Arabian Shield expects positive impact on GWPs on compulsory motor insurance

Arabian Shield Cooperative Insurance Co. said in a bourse statement that it expects the General Department of Traffic’s decision about compulsory motor insurance to have a positive financial impact on its gross written premiums (GWPs).

However, it is difficult to accurately determine the financial impact on the insurer's operations at present, the statement added.

Saudi Arabia’s General Department of Traffic on Tuesday called on all vehicle owners to have valid vehicle insurance before the resumption of the automatic issuance of traffic violations from July 22.