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The CEO of the “Najm” company, Dr Muhammad Al-Sulaiman, said that the rate of reluctance of people to insure vehicles in the Kingdom is high.
Al-Sulaiman explained that the reluctance to take out insurance is due to several reasons which lie in raising awareness of insurance, regulations and laws that are still under development, and considering the issue of insurance as a kind of luxury and not as one of the bases of life.
.ضاف During his interview with the program “In Public” on the channel “Saudi Arabia”.?? The General Direction of Circulation stopped the periodic control of vehicles during the period 2020, which was the reason why many people insured their vehicles, and the Central Bank also brought radical solutions with the company “Najm “and the insurance sector in the extension of insurance policies. for a period of two months.
He pointed out that the existence of the license for a period of 3 years may cause people not to renew their vehicle insurance in the next two years, which will result in on him There is a void of assurance.
#In public | Dr .. Muhammad Al-Sulaiman: The rate of reluctance to obtain insurance is high in the Kingdom … and the presence of the license for a period of 3 years can cause people not to renew it. @K_Alsuliman#Saudi_channel pic.twitter.com/0JfYxtTVYr
– Saudi channel 🇸🇦 (@saudiatv) August 15, 2021
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