UAE – Better ins. products instead of inv. Risks
Thursday, 06 28 2018, Category: Insurance and Reinsurance, Country: U.A.E
The weakness of returns on stocks, real estate and banking deposits have pushed local insurance companies toward alternatives in order to increase profit margins and decrease risk. Therefore, insurers improved the benefits of contracts in order to attract the highest volume of premiums according to insurance experts.
Moreover, experts said that that the conditions of contracts are being improved in motor and health insurance whereas aggressive investment plans are frozen in order to avoid risks. This will help improve competitiveness and long term profits.
Source: Al Roeya - UAE