KSA – Insurers will face more challenges in 2019
Thursday, 07 05 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Jadwa Investment Company revealed that the insurance sector would face more challenges during the next year as fees on the families of expatriates will increase and financial requirements on expatriates will increase, so the number of foreigners who leave the Kingdom will increase.
Moreover, the impact of raising the price of fuel will materialize during year 2018. Additionally, the implementation of the Value Added Tax will lead to an increase in the price of vehicles.
Furthermore, the company “Jadwa” indicated that women have been allowed to drive vehicles starting 24 June in Saudi Arabia, so premiums written might increase.
Source: Maal newspaper