UAE – Increased Market Premiums in 2017
Friday, 12 30 2016, Category: Insurance and Reinsurance, Country: U.A.E
Managers and workers of the insurance sector said that the year 2017 will witness new changes with the completion of the implementation of the compulsory health insurance in Dubai in addition to the issuance of the new unified motor insurance policy, indicating that this will be reflected in the market insurance premiums compared to year 2016 in addition to the effect of the increase in average insurance rates.
They mentioned to “Emarat Al Youm” that insurance companies have to diversify their investments and invest premiums in sectors, which support profit margins. They also indicated that price improvements would support profit margins of insurance companies as well as the quality of the service offered to the insured during claim settlement.
Source: Gulf 24