Hike in motor vehicle insurance prices good for everyone - ASSAR

Insurance companies announced an increment of 73 per cent for mandatory motor third-party insurance premium that was implemented effective January 1, 2018 for both public and private vehicles.
Insurance firms say it has been hard to pay claims to clients like the owner of this car because of low cash flow resulting from poor policy pricing. / File
Insurance firms say it has been hard to pay claims to clients like the owner of this car because of low cash flow resulting from poor policy pricing. / File
Times Reporter