UCA says other insurance products remain available despite the halt in motor policy activities
United Cooperative Assurance Co. (UCA) said the Insurance Authority’s decision to suspend the company issuing or renewing motor insurance policies effective Feb. 19, 2026, is expected to have a negative impact on the company’s financials for the year, according to a statement to Tadawul. 
Meanwhile, this impact cannot be determined at present, said the company, adding that it is implementing effective corrective measures to comply with regulatory requirements in coordination with the Insurance Authority.
The company indicated that the suspension applies only to motor insurance products, while other insurance products remain available to customers. It also noted that the decision will not affect its ability to meet its obligations and does not impact the interests of policyholders with valid policies issued prior to the suspension date.
Any further developments will be announced in due course.
According to data available on Argaam, the Insurance Authority recently issued a decision to suspend UCA from issuing or renewing policies for all motor products — including comprehensive motor insurance policies — effective Thursday, Feb. 19, 2026.
The suspension follows the company’s failure to exercise due diligence in rectifying its situation, which affected services provided to policyholders and beneficiaries.
UCA says other insurance products remain available despite the halt in motor policy activities
United Cooperative Assurance Co. (UCA) said the Insurance Authority’s decision to suspend the company issuing or renewing motor insurance policies effective Feb. 19, 2026, is expected to have a negative impact on the company’s financials for the year, according to a statement to Tadawul.
Meanwhile, this impact cannot be determined at present, said the company, adding that it is implementing effective corrective measures to comply with regulatory requirements in coordination with the Insurance Authority.
The company indicated that the suspension applies only to motor insurance products, while other insurance products remain available to customers. It also noted that the decision will not affect its ability to meet its obligations and does not impact the interests of policyholders with valid policies issued prior to the suspension date.
Any further developments will be announced in due course.
According to data available on Argaam, the Insurance Authority recently issued a decision to suspend UCA from issuing or renewing policies for all motor products — including comprehensive motor insurance policies — effective Thursday, Feb. 19, 2026.
The suspension follows the company’s failure to exercise due diligence in rectifying its situation, which affected services provided to policyholders and beneficiaries.
