Decrease in new car sales
April saw a decrease in new car sales as they dropped by 20% There was a decrease in new car sales by 19.8% and it is said to be because of the new tax changes that were brought in at the end of March this year. Many customers rushed to purchase their cars before this...
New Insurance Renewal Rules 2017 from the FCA
Earlier this month, on 1st April, new insurance renewal rules were introduced to improve the way that brokers handle renewal policies with their customers. The FCA brought out changes to ‘increase transparency and engagement at renewal in general insurance markets’....
New speeding penalties could see you paying 175% of your weekly income
Today new speeding penalties have been brought in in a fight to make the roads across the UAE safer. Many new laws are being enforced this year. On 1st March we saw changes to motoring laws about using mobile phones at the wheel. The penalty was doubled to a (USD $)200 fine...
Why are car insurance prices rising?
Why are car insurance prices rising? At Axios Insurance & Reinsurance Solutions DMCC, we have conversations every day with our clients about why are their car insurance prices rising. Many are asking the same question with little understanding as to why they are paying so much....
Electric Cars And How Cities Are Changing For Them
Many car manufacturers have made movements to make their cars more eco-friendly over the past decade. But the most eco-friendly car around is the electric car. An electric vehicle is powered 100% by its rechargeable battery. This is unlike regular cars which use its...
Ogden Discount Rate Change Explained
There has been a lot of recent news about the increase of the Ogden discount rate brought in by the government on the 27th February. It has the insurance market in uproar, with the decision by Lizz Truss being called ‘crazy’. Many insurers have released just exactly...