UAE: Motor co-insurance costs on the rise

Source: Middle East Insurance Review | Dec 2024

Motor insurers are increasing not just auto insurance premiums, particularly because of losses incurred in this year’s April rains, but also co-payments by insureds.

This hike has particularly impacted fleet and limousine service operators, reported Gulf News.

Auto parts and repair costs have risen significantly in the UAE in the last three years, which increases the cost of repairing any vehicle involved in an accident, an insurer told the newspaper. That immediately adds to the co-insurance costs for the repair. M

Comment | Print

Name*

Email*

Comment*

Code Verification*

Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.