Bupa Arabia renews cooperative ins. deal with SABIC
Wednesday, 07 01 2020, Category: Insurance and Reinsurance, Country: Saudi Arabia
Bupa Arabia for Cooperative Insurance Company received a confirmation from the Saudi Basic Industries Corporation (SABIC) to renew its cooperative insurance services contract for one year effective as of 4 July 2020.
The insurer expects the contract revenues to exceed 5% of the gross written premiums (GWP) achieved during 2019, according to a bourse filing on Tuesday.
A positive impact is likely to reflect on Bupa’s financial statements for 2020, the statement noted.