Insurance industry officials have claimed that some of firms have resorted to setting vehicle insurance rates according to the nationality of the driver rather than performance here in the UAE.
According to a report in the Al Ittihad newspaper, insurance companies have decided to charge different rates after their customer database showed that certain nationalities caused more losses than others.
European nationals living in the UAE benefitted the most as they paid just 1.8 per cent of their vehicle's estimated price as insurance premium, 28 per cent less than the prevailng market rate.
Read more: http://www.zawya.com/story/Auto_insurance_charges_by_nationality_in_UAE-ZAWYA20130319033632/
Can't argue with statistics I suppose lol
ReplyDeleteAlthough I'm sure further analyses could uncover more underlying issues.
And what is up with the picture?? lol!
ReplyDeleteI'm guessing the man on the left pays higher premiums
Ya,i guess too...the person on the left side pays more premiums than the other person.Hmmm...Lucky man.
ReplyDelete