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Do you trust your insurer ?

Strongly agree
Agree
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Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
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Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
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Are you planning on buying a car this year?

Are you planning on buying a car this year?

The results are in.

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October 11, 2009 2:06 by



“The automotive sector was affected by the financial crisis as banks became more cautious about granting auto loans,” said DCCI director General Hamad Buamim. “But with the UAE accelerating on the path to economic recovery banks are now being more flexible with auto financing, which will no doubt benefit the sector.”

German carmaker Daimler announced last week that it would launch a financial services unit in the UAE along with two local bodies, to offer auto financing in the region. The company will offer loans and leasing for new and used vehicles, “including a shari’a compliant Islamic finance product,” it said.

And the positive sentiment does seem to be picking up. Around 16 percent of our poll respondents said that they were planning on buying a first-hand car this year, while 10 percent said that they were purchasing a second-hand car.

Around 14 percent of our respondents are still debating the question, and say that it will depend on the offers that they find.  



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