UAE - Car ins. premium drops 9.5% in H1
Monday, 06 17 2019, Category: Insurance and Reinsurance, Country: U.A.E
Car insurance premiums continue to decline in the UAE for the second year, according to an industry report that shows the average gross premiums for top five insured car brands dropped in the first half of 2019 compared to same period in 2018.
Nissan, Toyota, Ford, Honda and Mitsubishi have been the top five insured car brands in the UAE, with average premiums declining by around 9.5 per cent in 2019 year-to-date, compared to the same period in 2018, according to InsuranceMarket.ae, a digital insurance service firm.
Mitsubishi Pajero took the top spot for the most popular car model insured in the first half of 2019, overtaking the Nissan Tida, and demonstrating the overwhelming popularity of SUVs in the UAE, said the report.
"In fact, three of the top five most popular car models insured so far this year are SUVs, with the Ford Edge and Ford Explorer being the fourth and fifth most popular models, respectively. Toyota Corolla and Honda Civic make up the rest of the top five, as Nissan Tida, Honda Accord and Nissan Sentra drop in popularity."
Source: Khaleej Times