The Chief Executive Officer (CEO) of "Najm" car insurance company, Muhammad Al Sulaiman in Saudi Arabia explained that the vehicle insurance sector witnessed a remarkable rise during the last period as a result of initiatives of the Saudi Arabian Monetary Authority (SAMA) and the General Traffic Department.
As per Al Arabiya, The CEO of Najm said that the vehicle insurance sector achieved good profits this year as a result of decrease in accidents in Saudi Arabia during the Curfew decision for curbing the spread of Covid-19 and due to lack of insurance claims.
- Al-Suleiman explained that an increase in insurance coverage is expected as a result of the mechanisms that are being worked on by the SAMA and the General Traffic Department and the Ministerial Committe of Traffi Safety, which aims to expand the insurance coverage.
