MEDGULF expects higher policy sales, GWPs on automated detection of insurance

The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) expected its insurance policies’ sales and gross written premiums (GWPs) to be positively impacted after the General Department of Traffic announced completion of the automatic linking of motor insurance procedures in its records at the National Information Center.

It is difficult at the meantime to estimate the exact impact, the company said, adding it will disclose any developments in due course.

According to data compiled by Argaam, the Saudi General Department of Traffic urged all vehicle owners to have valid vehicle insurance before the resumption of the automatic issuance of traffic violations from July 22, 2020