Magazine date:
Oct 2017 According to the Saudi supervisory authority (SAMA), non life insurance rates (including motor insurance) fell by 37% during the first half of 2017.
This decline comes as a result of the introduction of new methods of insurance pricing like the "bonus malus" system applied to the motor class of business.
This system offers significant discounts to drivers who have not reported any claim for which their are liable during the year.
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