Dear Valued Customer,
As Chubb Arabia Cooperative Insurance Company achieved a net surplus from insurance operations in 2015, the company decided to distribute a portion of the net surplus to the eligible policyholders based on the Cooperative Insurance Law.
The distributed surplus is eligible for each policyholder if the loss ratio of the gross claims incurred over the gross earned premiums is less than 70%. Kindly refer to Surplus Distribution Policy as released by Saudi Arabia Monetary Agency (SAMA) in 2015 for more details on the eligibility.
We take this opportunity to express our deepest appreciation for the invaluable confidence you have bestowed on the Company. We also look forward to continue providing you with more quality services.
Best regards,
Vijay Raghavan
Chief Executive Officer