Saudi Arabia – Insurance on all vehicles will be enforced
Tuesday, 04 11 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
A recent study commissioned by the Saudi Arabian Monetary Authority, which is the main insurance regulator in the kingdom expects the efforts of the Traffic department to help cover currently uninsured vehicles as insurance of vehicles will be enforced starting 2018. It is noted that 55% of vehicles in the Kingdom are uninsured and this move will increase to a great extent the number of covered vehicles.
Source: Al Madina Newspaper