Algeria – Finance ministry tackles claims delays
Thursday, 03 15 2018, Category: Insurance and Reinsurance, Country: Algeria
The Algerian ministry of finance warned insurance companies about the continuous delays in settling the motor traffic insurance claims and it confirmed the necessity of speeding settlements. Therefore, claims aged 3 years have to be paid before the next month of June.
The delays of insurance companies in settling claims led to a huge amount of outstanding claims dated before year 2015, so a large number of claims has not been settlement from year 2014 until the current year.
Source: Al Tahrir Online