Rise In Online Motor Cover Providers

Most UAE motor insurers are already providing online insurance weeks after the RTA scrapped paper application forms for vehicle registration. From March 1, the Roads and Transport Authority stopped accepting written vehicle registration forms and will now only process online applications sent via insurance companies as part of a new internet initiative.

Insurance Uptake In GCC “Not Nearly Enough” – Analyst

Insurance uptake in the GCC remains worryingly low, despite a rise in premiums that far outstrips the worldwide growth average for 2009, a global management consultant has claimed. Value Partners revealed on Monday that premiums in the GCC climbed 28% to $10.6bn last year from 2008 – a huge gap compared to the 3.4% global average. But Santino Saguto, managing director of Value Partners’ Dubai office, insisted insurance growth in the GCC was still not nearly enough.