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The Central Bank achieves the target number of appointments - Global marine insurance premiums rose by 6.4% between 2020 and 2021 - Non-life insurance market in the Middle East: 2021 premiums by country - 2021 Algeria insurance market: Turnover by branch - AM Best downgrades credit ratings of Milli Re - Turkey: 3rd FAIR Reinsurance Forum - Jordan: Joint meeting between JOIF and the Central Bank of Jordan - Wafa Assurance: Badreddine Belghiti at the head of the Assurance des entreprises pole - Insurance partnership between KSA and UAE - Algeria: SAA obtains ISO 9001 version 2015 certification - UAE: Emirati insurance market large enough to have its own major reinsurer - Oman: Govt to roll out compulsory private health insurance in phases in 2023 - Oman: OMR 723.2m, total investments of insurance companies - Jordan - Takaful tackled in the Arab Thought Forum - Underwriting margins to improve in 2022 and retrocession use remains steady: S&P - French re/insurers face unprecedented nat cat losses: Fitch - 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KSA - Public Pension Agency inks MoU with Walaa ins.

Monday, 12 30 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Public Pension Agency (PPA) signed a memorandum of understanding (MoU) with Walaa Cooperative Insurance Co. (Walaa Insurance) to provide some privileges to pensioners in the field of vehicle insurance, according to its statement on Thursday.

Under the preliminary deal, retirees and the related beneficiaries will enjoy a 15% discount on vehicle insurance for third-party product and comprehensive insurance product.

The MoU was signed as part of PPA’s efforts to cooperate with the private and public sectors to provide unique services for retirees and their families, in line with the PPA’s strategy 2022.


Source: Argaam
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