Saudi Arabia – Investigations about 400% motor insurance price increases
Friday, 06 17 2016, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Council of Competition launched a large investigation about the breach of competition protection laws by insurance companies after motor insurance prices increased clearly and excessively during the past period.
According to the “Al Madina” newspaper, the Council of Competition is addressing fully the issue with proofs in order to take appropriate action. The investigation started when the Riyadh Chamber of Commerce & Industry filed a complaint about motor insurance price increases at the Council of Competition.
Source: Maaal Newspaper