A number of Saudi insurance firms disclosed the impact of the decision of the General Traffic Department as regards compulsory motor insurance on their motor policy sales and gross written premiums (GWPs).

 

The department urged all vehicle owners to have valid vehicle insurance before the resumption of the automatic issuance of traffic violations from July 22, Argaam reported.

 

Company

Expected Impact

Details

Tawuniya

Expects positive impact on GWPs

For more details

Malath

Expects positive impact on motor policy sales

For more details

Gulf Union

Expects positive impact on motor policy sales and GWPs.

For more details

Etihad Insurance

Expects higher GWPs as of Q3 2020

For more details

Walaa

Expects positive financial performance in 2020

For more details

ACIG

Expects higher motor policy sales

For more details

Wataniya

Expects positive impact on financials for 2020

For more details

Solidarity

Expects higher motor policy sales and GWPs

For more details

Buruj

Expects higher motor policy sales and GWPs

For more details

Gulf General

Expects higher GWPs

For more details

Al Sagr Cooperative

Expects higher GWPs

For more details

Al Rajhi Takaful

Expects higher motor policy sales, GWPs 

For more details

UCA

Expects positive impact on GWPs

For more details

Wafa Insurance

No financial impact at present

For more details

Amana

Expects higher GWPs

For more details

MEDGULF

Expects higher policy sales, GWPs 

For more details

Saudi Re

Expects positive impact on GWPs

For more details

AXA

Expects higher GWPs

For more details

Al Ahlia

Expects positive impact on GWPs

For more details

Arabian Shield

Expects positive impact on GWPs

For more details

SAICO

Expects positive impact on GWPs

For more details

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Traffic Dept: Vehicle owners should ensure having valid insurance before 22 July

Quotes

TAWUNIYA
140.60
0.40 0.29%
UCA
10.00
0.25 2.56%
ALRAJHI TAKAFUL
172.80
(4.60) (2.59%)
ACIG
13.78
(0.28) (1.99%)
ARABIAN SHIELD
18.40
(0.46) (2.44%)
BURUJ
18.52
(0.32) (1.70%)
ALSAGR INSURANCE
17.92
(0.22) (1.21%)
MALATH INSURANCE
15.24
0.30 2.01%
Solidarity
14.20
(0.10) (0.70%)
ALETIHAD
20.34
(0.46) (2.21%)
WALAA
21.40
(0.22) (1.02%)
ALAHLIA
14.76
0.16 1.10%
MEDGULF
21.90
0.90 4.29%
Wafa Insurance
9.50
(0.58) (5.75%)
SAICO
15.22
(0.26) (1.68%)
GULF UNION ALAHLIA
15.78
(0.10) (0.63%)
SAUDI RE
36.85
0.05 0.14%
GIG
29.75
(1.25) (4.03%)
GULF GENERAL
10.72
(0.14) (1.29%)
WATANIYA
26.70
(0.40) (1.48%)
AMANA INSURANCE
10.70
(0.12) (1.11%)


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