23 Hrs
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مباشر
Insurance Authority suspends United Insurance
The Insurance Authority has suspended United Cooperative Insurance Company from issuing or renewing all insurance products, including individual insurance and extended warranty, starting from September 22, 2026, due to its violation of regulatory and supervisory instructions. This measure is part of the Authority's efforts to enhance sector stability, improve company efficiency, and protect the rights of policyholders and beneficiaries, while reaffirming its responsibility to current obligations and existing claims. The Authority had previously halted the issuance of mandatory insurance policies and vehicle coverages to regulate the sector and ensure its sustainability.
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