Walaa Insurance says COVID-19 measures could affect GWPs

09/04/2020 Argaam

 

Walaa Cooperative Insurance Company (Walaa Insurance) said the precautionary measures to curb COVID-19 outbreak, including a 24-hour lockdown in several cities, may weigh on the retail business and impact gross written premiums (GWPs).

 

The insurer said in a bourse filing on Thursday that it is difficult to determine the relevant financial impact at present.

 

Any related updates will be announced in due course.

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