UCA advised to increase technical reserves

21/03/2018 Argaam

United Cooperative Assurance (UCA) has been advised by an actuarial expert to increase its technical reserves by SAR 3.9 million to meet potential claims, the insurer said in a statement to Tadawul.

 

If adopted, the recommendation is expected to negatively impact the firm’s financial results for fiscal year 2017, it added.

 

The impact of additional technical reserves will be immaterial, the statement added.

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.

Most Read