Kuwait – System of points for third party insurance serves the sector
Tuesday, 06 14 2016, Category: Insurance and Reinsurance, Country: Kuwait
The executive director of Azal Insurance Brokerage Mr. Talal Sakr Al Qatami asked the concerned authorities to implement the system of points in the third party insurance policy, indicating in a special statement to “Al-Seyassah” that the current system of the mentioned policy is very problematic and contains contradictions as it did not set a limit for insurance coverage and it also treats equally disciplined and undisciplined customers.
He added that “setting a unified limit for third party insurance serves the market and would not exceed KD 500,000” indicating that the proposed reform will help decrease the current number of accidents and will encourage the insured to respect the instructions and laws and will ease the operations of insurance companies.
Source: Al Seyassah