UAE – Awareness key to the promotion of insurance
Monday, 03 06 2017, Category: Insurance and Reinsurance, Country: U.A.E
Executives, experts and managers of insurance companies operating in the country said that insurance awareness is an important factor that helps understand the insurance concept generally in motor, health, fire, accident or life insurance. Therefore, awareness helps understand the rights and engagements in order to promote the insurance sector.
The experts called for better services and for the promotion of insurance as it plays a key role in building a strong economy, which can grow sustainably. About the results of the survey conducted by “Al Khaleej”, the insurance managers confirmed that insurance prices witnessed successive increases during the past years due to the latest procedures implemented by the Insurance Authority that helped save the situation of the sector by disallowing monopolies and underpricing.
Source: Economic Al Khaleej