UAE – Increasing minimum price for motor policies
Tuesday, 07 19 2016, Category: Insurance and Reinsurance, Country: U.A.E
Directors and employees said that insurance companies operating in the local market raised lately the minimum motor insurance price indicating that the new price increases range between 30 and 40% on average and differ from one company to another.
They added to “Emarat Alyoum” that increasing the minimum insurance price is part of corrective measures taken given significant decreases in the past years. Therefore, some companies suffered from negative technical results.
Source: Emarat Alyoum