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SAMA approves insurance products for 3 KSA firms

SAMA approves insurance products for 3 KSA firms
Ace Arabia Cooperative Insurance obtained SAMA’s final approval on 25 products- (Photo Credit: Arabianeye-Reuters)
CHUBB
8240
125.26% 42.80 23.80
ALINMA TOKIO M
8312
0.31% 12.80 0.04
METLIFE AIG ANB
8011
-7.74% 14.30 -1.20

Riyadh – Mubasher: Three Saudi insurance companies announced obtaining the Saudi Arabian Monetary Agency’s (SAMA) final approval on a number of insurance products on Monday.

MetLife AIG ANB Cooperative Insurance received the final approval of SAMA on using the following products: property all risk and business interruption, pollution legal liability and group health.

Ace Arabia Cooperative Insurance obtained SAMA’s final approval on 25 products, according to a bourse filing on Tuesday.

Moreover, Al Inma Tokio Marine obtained its final approval to use insurance products for extended warranty product.