SAMA Extends AICC Temporary Approval for 16 Insurance Products

10/02/2014 Argaam

Arabia Insurance Cooperative Company (AICC) announced today on Tadawul obtaining the Saudi Arabian Monetary Agency SAMA'S approval for the extension of the temporary 6 months approval for the following 16 insurance policies:

  1. Personal accidents insurance.
  2. Comprehensive household labor insurance.
  3. Comprehensive home insurance.
  4. Valuables insurance.
  5. Contractors risk insurance.
  6. Installation risk insurance.
  7. Contractors’ machinery and equipment insurance.
  8. Machinery and equipment breakdowns insurance.
  9. Loss of profits due to machinery and equipment breakdowns insurance.
  10. Boilers insurance.
  11. Inventory damage due to refrigeration stop.
  12. Electronic devises insurance.
  13. Schools liability insurance.
  14. Vehicles warranty extension insurance for mechanical and electric breakdowns.
  15. Professional liability insurance for brokers.
  16. Third party liability and product liability insurance.

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