Magazine date:
Jan 2018 According to the survey firm, Fact & Figures, motor insurance tariffs are poised to climb within the bracket of 2 to 3% during the 2018 renewal. The reason is the increase in the price of spare parts and the rising value of bodily injury compensations.
Homeowner's insurance is likely to report a moderate increase that is comprised between 1 and 2%. The upsurge of natural disasters such as floods along with the increase of labor cost needed for repair works are the causes that account for this rise.
More news:
- The insurance industry in France [4]