UAE: Decreasing motor insurance tariffs in 2018

The prices for comprehensive and third party liability motor insurance in the United Arab Emirates decreased by 15 to 18% in 2018 in comparison with 2017. This decline is due to the increased competition between the 48 insurance companies involved in this segment.

Insurers offer comprehensive and third party liability insurance policies at rates very close to the threshold allowed by the Emirati supervisory authority in order to cover their need for liquidity and increase their market shares.

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