AXA Cooperative renews two motor insurance deal

22/12/2020 Argaam

AXA Cooperative Insurance Co. received today, Dec. 22, confirmation letters from Abdul Latif Jameel United Co. and United Instalment Sales Co. Limited (UIS) to renew motor insurance deals for one year from Jan. 1, 2021.

 

The value of the contracts exceeds 5% of AXA’s annual gross written premiums, the insurer said in a bourse statement.

 

The financial impact is anticipated to reflect on its FY 2021 results.

 

There are no related parties, the statement said.

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