UAE – Chasing mobile phone insurance premiums
Friday, 09 02 2016, Category: Insurance and Reinsurance, Country: U.A.E
Insurance companies are chasing domestic equipment insurance premiums especially those related to mobile phones and computers.
According to the figures of “Al Roeya” there are approximately 8 million persons in the country who don’t have insurance policies covering the damage or theft of their personal belongings. Therefore, it is a great market for insurance companies.
Experts confirmed that the insurance of personal products includes insurance of theft or damage. However, they indicated the need to prove theft and notify the police.
They added that there are insurance companies, which offer mobile phone insurance under the umbrella of domestic product insurance. The main insurers in this line are “Zurich” and “AIG”.
Source: Al Roeya - UAE