UAE – Insurance and services should suit both parties
Saturday, 01 28 2017, Category: Insurance and Reinsurance, Country: U.A.E
Car owners said motor insurance price increases are strangely very high as prices went up by up to 60%. So they wonder what are the factors that led insurance companies to such a decision. And what are the additional services offered by companies against the price increase? The new insurance charges the car owner for administrative expense and emergency ambulance.
Car owners wondered about the losses borne by companies that led them to increase prices to this extent. Are there age categories or large companies that are responsible about these losses? Why don’t they increase prices for these categories and fix price for the remaining drivers? Insurers should examine the driving record of the car owner and offer related discounts.