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Towards an increase in motor insurance premiums in the UAE

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Magazine Issue: 
Reinsurers in control [3]
Magazine date: 
Nov 2021

car insuranceUAE insurance industry [4] professionals expect an increase in motor insurance premiums in 2022. The raise would be driven by multiple factors including:

  • The decline in motor insurance rates to lower levels than those applied before the unification of rates in January 2017
  • An increase in loss experience following the lifting of lockdown
  • The introduction of tighter reinsurance terms and conditions
Mon, 22/11/2021 - 14:50

Source URL: https://www.atlas-mag.net/en/article/towards-an-increase-in-motor-insurance-premiums-in-the-uae

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-185-november-2021
[4] https://www.atlas-mag.net/en/article/uae-insurance-market-in-2019-top-30-insurers-per-gwp