Thursday, November 17, 2016

Good insurance for the country




Study showed by the "numbers" on the financial statements detailed insurers Saudi Arabia for the first nine months 2016, the health insurance industry has accounted for nearly 49% of the total premiums for companies during the first nine months 2016 amounting to 28.96 billion riyals, with lower health insurance premiums to 14.10 billion riyals at the end of the first nine months in 2016, a decline of 4% compared to the same period of 2015. And formed premiums on cars more than 34% of the gross premiums subscribed, compared with 29% during the same period of 2015, after rising premiums in this sector by 18% during the first nine months in 2016, to 9.88 billion riyals, came the rise as a result of raising the insurance companies auto insurance rates because of the large number of traffic accidents. This amounted to premiums for other sectors, which include premiums of property insurance and marine cargo insurance engineering, fire, burglary, accidents and public liability, life and protection and savings and erred professional outlets and specialized and some companies aviation and energy insurance and extended warranty 4.99 billion riyals at the end of the first nine months 2016
 Best Ostertjah one and one law regulates the insurance market and subject him all insurance companies operating in the domestic market as well as all the insured, and Takaful insurance is the insurance wing, which began with the insurers Islamic stallion replaced the traditional commercial insurance and found acceptance "of dealers in the insurance they are asylum insurance km he found acceptance "from reinsurers, becoming a Yhrkat insurance in our region and most of the Arab countries work Takaful Islamic system and which contained the traditional commercial insurance, and that there were some countries operate the puppet regimes Takaful and conventional insurance Valtcafly became a favorite is for the believer to Hm.aly Maoatkd
Means the insurance interest every decision taken by the policyholder authorizes the insurance company to cover someone or something has a direct or indirect interest in the covered by insurance as a hedge employer treasurers secured for example dishonesty. As for why do not accept commissions chapter rented car, for example as an interest because the% or more of the tenants of automotive system ended Bittamleek not assigned themselves the hardship Read the terms of an insurance policy of their cars, which are formulated for the benefit of the insured as the owner of insurable interest, and duty on a rented car be alert to this fact and the requirement document private secure him if he learned that the insurance premium is added to the value of the car, the real problem is when you know that the finance companies and banks are profiting from the premium value of a difference as calculated on the tenant individual value and charge for insurance companies on the basis of documents fleets (inter) Even more, we value paid installments on a quarterly basis or maybe a monthly basis. All this before the injury but when it occurs, there are other market awaiting a tenant, a scrap market, which pays generously for Maina insurance for the calculation of the highest value for reform and thus directly the car is total loss calculation, you benefited the insurance company of this procedure is not damaged as it might seem outwardly and not here the field explain How to benefit, and the benefit of funding or bank company and noted how it can benefit before the injury but after the fact, the premiums paid from the value of the car went as rent and downpayment went mostly as profit finance and wages and the value of insurance as well as the deadly car that you receive from the insurance company its name value has nothing to do for Tenant him at best tenant is given a new financing or the remaining amount of the down payment, of course option after endurance, which stipulated that the tenant deducting afford agreed to sign a contract and in fact here the crux and regulators discuss these partial pushing the endurance in fact, is to involve the tenant in the insurable interest and thus Jeep that deserves endurance defended the compensation and not insured. To review the matter simply Valmstojr pays the insurance premium, a regular user of the vehicle and pay the endurance however is not entitled to compensation ???