After three years of decline or stability, motor insurance rates are expected to increase in 2023.
This hike would likely be driven by the rising claims experience and vehicle repair costs.
Read also | Towards the creation of a reinsurance company in the UAE [4]
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-193-july-2022
[4] https://www.atlas-mag.net/en/category/pays/emirats-arabes-unis/towards-the-creation-of-a-reinsurance-company-in-the-united-arab-emirates