Magazine date:
Feb 2017 According to analysts, the directive of the supervisory authorities which has imposed the control of motor insurance premiums with minima and maxima will have an impact on the behavior of insurers some of whom will be driven to acquire their competitors.
The purpose of the new regulations is to protect the rights of policyholders, shareholders and insurance companies. It also aims to regulate the supply by guaranteeing affordable rates, based on actuarial calculations.
Insurers, agents and brokers will no longer be able to impose fees on the insured without the approval of the authorities.
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