UAE – Motor insurance prices rise by 130%
Thursday, 01 05 2017, Category: Insurance and Reinsurance, Country: U.A.E
Customers told the “Economic – Al Bayan” that some insurance companies raised the prices of motor insurance policies during this year by more than 130 percent arguing that this is the result of the new decisions of the Insurance Authority.
This follows the comments of the Insurance Authority last month, in which it denied that motor insurance prices could rise by large rates exceeding 100% during the beginning of the year 2017 coinciding with the implementation of the two uniform motor insurance policies.
Source: Al Bayan - UAE