LIVA sees higher revenues on applying reinsurance cession

Logo of LIVA Insurance Co.

LIVA Insurance Co. expected the implementation of the new mechanism for reinsurance premiums cession to the local market to boost its revenues.

 

The company said in a statement on Tadawul that a positive financial impact is projected to appear as of Q1 2025.

 

For more news on listed companies

 

In a statement to Tadawul, the company said this development follows an Insurance Authority (IA) circular dated November 14, 2024.

 

The circular requires the cession of at least 30% of reinsurance premiums to the local market for 2025. This applies to all reinsurance treaties at the negotiation stage and to each risk associated with facultative reinsurance (both proportional and non-proportional), effective Jan. 1, 2025.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request