UAE – First decrease in motor ins. Prices
Monday, 07 30 2018, Category: Insurance and Reinsurance, Country: U.A.E
Insurance managers and brokerage professionals in the UAE said that motor insurance prices decreased for the first time since 2017 with the implementation of the new unified motor insurance contract noting that the market witnessed a corrective activity in prices compared with the previous levels.
They mentioned to “Emarat Al Youm” that price decreases ranged between 10% and 20% indicating that with the improvement in the financial results of insurance companies would give an opportunity to adjust prices according to the requirements of the market.
Source: UAE 71