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الوطن
Vehicle insurance rate review
The Insurance Authority conducted a review of the vehicle insurance pricing mechanism to ensure that insurance companies adhere to regulatory standards, aiming to guarantee that insurance premiums are fair and not inflated. The criteria include ensuring that prices are based on actuarial principles and sound underwriting practices, preventing excessive pricing, and emphasizing compliance with technical standards to regulate pricing. This review is part of an effort to maintain market balance and protect consumers from unjustified price hikes.
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