Saudi Arabia: Insurers issue results warning
Source: Middle East Insurance Review | May 2020
A number of insurers have lodged statements with the stock exchange saying that sales of policies might be impacted by precautionary measures imposed by the authorities, including a lockdown to curb the spread of COVID-19. This, in turn, could affect their GWP.
The representative of the statements by the various insurers, Al-Etihad Insurance, said it is difficult for insurers to determine the full financial impact, because it is uncertain how long a period the precautionary measures would last.
Al-Etihad Insurance added that it is currently monitoring developments in this regard, and any material development will be announced in due course. M