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Salama improves its solvency margin

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Magazine Issue: 
The pandemic risk, insurers’ future Eldorado [3]
Magazine date: 
Jul 2020

SALAMASalama Cooperative Insurance is in compliance with the requirements of SAMA (Saudi Arabian Monetary Authority). As at 30 June 2020, the solvency margin has exceeded the level required by the supervisory authorities by 31%.

In order to conform to the regulations, the company received in November 2019 a notification from the authorities ordering it to implement a recovery plan and liquidate certain assets.

Read also | Top 10 insurance companies in Saudi Arabia [4]

Tue, 29/09/2020 - 14:43

Source URL: https://www.atlas-mag.net/en/article/salama-improves-its-solvency-margin

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[4] https://www.atlas-mag.net/en/article/top-10-insurance-companies-in-saudi-arabia-ranking-2019