UAE – Enforcement of motor insurance payments
Tuesday, 10 24 2017, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority asked all licensed insurers to pay all due amounts to other parties such as car repair workshops or brokers since it received many complaints about the payment delays of some insurance companies. Moreover, they have to solve conflicts diplomatically through the Emirates Insurance Association.
Furthermore, the Authority added in instructions of which “Al Khaleej” received a copy: Given the complaints received by the Authority, it was clear that there are delays in the payments of insurers to other parties such as car repair workshops or insurance brokers and this could affect rights and impact the insurance market.
Source: Al Khaleej