UAE – Motor insurance prices decrease by 12.5%
Tuesday, 05 09 2017, Category: Insurance and Reinsurance, Country: U.A.E
The prices of “comprehensive” and “third Party” motor insurance decreased by 12.5% in the last month of April compared to the prices of January in the current year due to the competition among insurance companies. This follows the implementation of the new pricing and instructions enforced by the Insurance Authority according to the managers of insurance companies and insurance brokers.
Moreover, they indicated that the prices of “comprehensive” motor insurance decreased by 15% in the last month of April compared to the month of January of the same year whereas the prices of “Third Party” motor insurance decreased by 10% during the same period.
Source: Al Ittihad