Stopping “United Insurance” from issuing and renewing documents for violating regulatory instructions
United Cooperative Insurance Company announced that it received yesterday, Monday, October 27, 2025, a letter from the Insurance Authority regarding stopping the issuance or renewal of compulsory insurance policies, including (domestic worker and health contracts, vehicles) as of October 27, 2025, for violating supervisory and supervisory instructions.
The company said in a statement on "Saudi Arabia trading"Today, Tuesday, it expects that this decision will have a negative impact on its financial results during the year 2025. Its impact cannot be measured at the present time, and any developments in the matter will be announced in due course.
The company confirmed that it will seek to establish effective corrective measures, and fully adhere to regulatory requirements in coordination with the Insurance Authority.
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