Browsing: UAE

S&P Global Ratings said motor insurers in the UAE, who increased their premia by up to 50% for certain coverage over the past year citing frequency and costs of claims, are likely to go in for another round of hikes in view of the recent floods.

UAE – After record-breaking rains hit the UAE, all emirates have been grappling with the impact of the natural calamity. The UAE President, in a statement issued today, has said that the safety of citizens and residents is the country’s top priority and subsequently ordered a study of the country’s infrastructure.