Insurance claims in Saudi Arabia at an all-time high
Insurance Policy
Riyadh - Arab Today
Insurance claims in Saudi Arabia have surged to its highest ever record with an increase of 10 percent in 2016, while total insurance premiums, during the same year, have witnessed a slight increase by one percent.
According to al-Eqtisadiah newspaper, insurance claims – a formal request to an insurance company asking for payment based on terms of the insurance policy – totaled ($6.32 bln) SR 23.7 bln, the highest in the kingdom’s history, which is equivalent to 65 percent of total premiums in 2016. Premium is the amount of money that an individual or business pay for an insurance police.
According to the financial statements collated from insurance companies, the vehicles sector has registered the highest percentage of claims, 77 percent versus other sectors’ claims, which ranged between four to 65 percent.
Insurance companies have been strained by exacerbated claims according to Saudi Arabia’s Estimators Committee, which is currently working to introduce a more modernized evaluating technique.
Source :Al Arabiya
- Wednesday ,28 November GMT 09:50 2018 Egypt, Saudi Arabia to strengthen economic ties in coming phase
GMT 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial tiesGMT 09:50 2018 Wednesday ,28 November
Egypt, Saudi Arabia to strengthen economic ties in coming phaseGMT 04:56 2018 Friday ,05 October
Egypt's medical exports increase by 8.9% in January-AugustGMT 17:36 2018 Monday ,24 September
Saudi Egyptian chambers of commerce enhance partnershipGMT 09:20 2018 Tuesday ,02 January
Saudi budget deficit narrows after oil income recovers
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 21:30 2017 Saturday ,11 February
Iran to allow Russian jets in its airspace against terror in Syria
GMT 06:53 2017 Saturday ,28 October
Italian handed 24 years jail for infecting
GMT 15:14 2016 Tuesday ,04 October
US Stocks Close Lower after US Economic Data
GMT 18:40 2017 Sunday ,10 December
OPEC daily basket price announced for Wednesday, 15th November, 2017
GMT 06:56 2017 Friday ,04 August
July24th-August23rd
GMT 21:27 2017 Monday ,01 May
New Hamas document accepts Palestinian state with 1967 borders
GMT 08:41 2017 Wednesday ,22 March
33 dead in US-led raid on north Syria school
GMT 03:30 2017 Monday ,01 May
Oman tender board approves projects worth OMR29,459,925
GMT 06:57 2017 Tuesday ,11 April
Bahrain participates in Culture Summit Abu Dhabi 2017
GMT 02:21 2017 Thursday ,11 May
Second Thai Exhibition in Oman opens
GMT 08:47 2017 Monday ,23 January
Bahrain's new solar plant generates 15 megawatts of electricity
GMT 11:53 2017 Tuesday ,07 March
NBAD given green light to expand euro note programme
GMT 15:15 2017 Friday ,03 March
Oman needs to borrow up to $10bn to pay for 2017 deficit
GMT 05:17 2017 Saturday ,28 October
'Many inconsistencies' in UN report
GMT 23:19 2017 Friday ,24 November
Languages reflect culture, civilizatioon
GMT 18:44 2018 Monday ,22 October
President Al-Bashir Directs New Ambassadors to Bolster Sudan Foreign Relations
GMT 21:20 2015 Thursday ,13 August
Protests in Ecuador over Correa's looming 'dictatorship'
GMT 21:29 2017 Tuesday ,25 April
HH the Emir Hosts Luncheon Banquet for President of Croatia
GMT 09:54 2014 Tuesday ,13 May
OPI to launch Coca-Cola by OPI
GMT 21:53 2017 Wednesday ,27 December
Mill worker deaths fuels employment concerns in India garment sector
GMT 22:12 2017 Friday ,10 March
FVP and Prime Minister Meets Alliance of National Accord Forces Delegation
GMT 18:38 2017 Saturday ,21 October
China still on track to hit growth target
GMT 01:51 2017 Tuesday ,15 August
Teams Search for Survivors after Philippine Quake
GMT 17:32 2016 Sunday ,17 January
Turkish regime’s assaults against Syria 'blatant violation' of International law
GMT 20:29 2017 Monday ,09 October
Egyptian diplomat leads race to be UNESCO head
GMT 23:40 2017 Tuesday ,26 September
Supreme Council of Energy releases 2016 report on Demand Side
GMT 09:40 2017 Tuesday ,19 September
Actress Ream Hhagag prepares for a new film
GMT 11:49 2017 Wednesday ,15 February
Soccer superstar Messi to arrive in Egypt for anti-Hepatitis campaign
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor