Motor insurance poised to grow in the Gulf region

Motor insurance in the countries of the Gulf Cooperation Council (GCC) is poised to grow in the coming years.
Kuwait city © octal, CC BY 2.0

This forecast is accounted for by various factors such as the upward revision of tariffs in some countries and the decrease in the rate of uninsured vehicles. Today, the contribution of motor insurance in the overall turnover of insurers is lower in the GCC than in other markets.

In fact, competition over motor risk is pushing premium rates down while claim frequency and repair costs are on the rise.

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