Fierce competition on the insurance market pulls prices down
According to experts, insurance premiums are widely underestimated and the going prices are too low to cover incurred risks. The deterioration of the market is accounted for by stiff competition among local insurers. The lack of control and regulation is partially blamed for this situation in addition to the poor technical capacities of companies as regards risk assessment.
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Fri, 25/02/2011 - 16:39
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