Bupa Arabia renews cooperative insurance deal with SABIC

The renewal is effective from next month

Riyadh - Mubasher: 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.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.