BURUJ says insurance policies, GWPs likely to be hit by coronavirus measures

09/04/2020 Argaam

 

BURUJ Cooperative Insurance Co. (Buruj) said the Kingdom's precautionary measures to curb COVID-19 outbreak may weigh on the number of its newly-issued insurance policies and its gross written premiums (GWPs), the insurer said in a bourse filing.

 

However, it is difficult to determine the relevant financial impact at present, the statement added.

 

Any relevant updates will be announced in due course.

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