Professionals in the Emirati insurance sector [4] expect a 10 to 20% drop in motor premium rates in 2021.
Such decision is mainly driven by the good performance recorded by insurance companies in 2020 and the regulations issued by the supervisory authorities to grant discounts to specific categories of drivers.
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[3] https://www.atlas-mag.net/en/issue/covid-19-insurers-down-yet-not-out
[4] https://www.atlas-mag.net/en/article/emirati-insurance-market-forecasts-for-2020