Saudi Arabia – Safety in industrial areas
Tuesday, 10 27 2015, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Insurance Committee in the Sharqiyah Chamber welcomed the director of insurance and risk management at the Royal Commission in Jubail, Salih Abdullah Abu Aziz in order to discuss the technical aspects related to the insurance of properties and industrial establishments.
The head of the committee Mr. Salah Al Jaber who chaired the meeting said that Abu Aziz presented the mechanisms used, the procedures followed, and the standards applied by the commission for the industrial and residential zones in order to limit the risks of accidents and fires which can decrease material losses.
Al Jaber clarified that the high and international procedures and standards followed by the Royal Commission reflect positively on insurance companies which provide insurance services to facilities where they meet the targeted levels of safety. So this in turn decreases the insurance cost given the lower level of risk.
Source: Al Yaum – Saudi Arabia