Chubb in Saudi Arabia
Dear Valued Customers,
Pleased to inform you that Chubb Arabia Cooperative Insurance Company has achieved an insurance operation surplus for the year 2023. In line with Insurance Authority (IA) requirements and based on the cooperative insurance system, the company has decided to distribute a part of the net surplus to eligible policyholders.
Please refer to the insurance surplus distribution policy issued by (IA) for more details on the computation of the surplus amounts.
We also take this opportunity to thank you for your patronage and assure you of our best services at all times.
Sincerely,
Chief Executive Officer
Talal Bahafi
Chubb Worldwide
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Surplus Distribution to Policyholders
As Chubb Arabia Cooperative Insurance Company achieved a net surplus from insurance operations in 2022, the company decided to distribute a portion of the net surplus to the eligible policyholders based on the Cooperative Insurance Law
Chubb Arabia Cooperative Insurance Co .
Posted on: 6-7-2023