Saudi Arabia – Employees’ cars should be excluded
Saturday, 02 18 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
Insurance companies’ sources criticized commercial companies, which add the vehicles of employees to the vehicles they own, indicating that is represents insurance abuse.
Moreover, these informed sources said that the objective of this practice is to take advantage of the benefits granted by insurance companies to corporate customers, which own a large number of cars. They described this practice as fraud and if affects negatively the financials of insurance companies especially given that private cars should not be part of contracts signed with companies. Therefore, completely separate contracts should be issued for private cars.