Magazine

Jun 2019

Read the latest edition of AIR and MEIR as an Interactive e-book

Algeria: Majority of auto claims paid involve vehicles less than 5 years old

Source: Middle East Insurance Review | May 2019

A study by the Algerian Union of Insurance and Reinsurance Companies (UAR) has shown that 60% of the total compensation paid by insurers due to road accidents involved owners of new vehicles that are aged up to five years old.
 
“The total value of the compensation of these vehicles exceed DZD90bn ($753.5m),” said Mr Hassen Khelifati, UAR vice president.
 
The findings also showed that the price of such vehicles is less than DZD3m each. M 
 
DZD1 = $0.08
 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.