UCA boosts technical reserve for 2013

19/01/2014 Argaam

United Cooperative Assurance company (UCA) announced today on tadawul increasing its medical and vehicles claims provisions to be SAR 76.3m for 2013.

The amount is determined based on an actuarial study and raises technical reserves for 2013 to SAR 215.6m.

The financial effect of this increase is to be realized on Q4 of 2013 financials.

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