UAE – Insurance sector gradually overcomes underpricing
Tuesday, 08 23 2016, Category: Insurance and Reinsurance, Country: U.A.E
Mr. Osama Abdeen the Chief Executive Officer of Abu Dhabi National Takaful Company considers year 2016 to be the year in which the situation is being improved by gradually overcoming underpricing practices as these practices are losing ground since they harm the insurance industry.
He clarified in an interview with “Economic Al Bayan” that during the recent period there was a number of strong indicators about operating companies in the sector, which started imposing fair prices along with better services. However, competition is still influencing prices while insurance companies are better handling the technical aspects of the business.
Source: Al Bayan - UAE