Decreasing motor premium rates in the UAE

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car insuranceLatest data from the Emirati insurance market show that motor premium rates in H1 2021 declined by 15-20% compared to the same period in 2020.

This is mainly due to the ever-growing competition amongst the 48 insurance companies and their attempts to expand their market share.

Industry experts expect motor rates to increase during H2 2021.

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Fri, 09/07/2021 - 13:37
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