close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Saad and Algosaibi owe ADCB AED2.24 billion

Abu Dhabi Commercial Bank (ADCB) is owed AED2.24 billion by troubled Saudi firms…

0

September 23, 2009 2:56 by



Abu Dhabi Commercial Bank (ADCB) is owed AED2.24 billion by troubled Saudi firms Saad and Algosaibi groups, the UAE bank said.

Saad Group owes ADCB AED1.49 billion, while Algosaibi Group owes AED751 million. The bank has budgeted AED430 million to help cover potential losses.

“ADCB expects to establish significant additional impairment allowances in the near future with respect to its exposures to the Saad Group and the Algosaibi Group,” the bank said in its prospectus for the bank’s global medium-term notes.

Banks worldwide are suing the Saudi firms after their Bahrain-based financial institutions failed to make payments on debts recently.



0

Tags: , ,

Leave a Comment