Bei ya motor insurance imepanda hivi?

[Nameless]

Gotten a quote almost 50% higher than last year. 3.5% value of the car and other undisclosed levies. Yayeee.
Did I miss the news?!

 

[kingolonde]

Noticed the same thing too with my jalopy

 

[Okiya]

Ukraine war led to higher energy prices which led to high production cost of spare parts which means insurance will pay much more for repairs which means if they don't recover that from premiums they will suffer losses

 

[Aviator]

Ukraine war led to higher energy prices which led to high production cost of spare parts which means insurance will pay much more for repairs which means if they don't recover that from premiums they will suffer losses

Don't forget to add that we drive like idiots causing unnecessary accidents, thereby escalating claims beyond what actuarial scientists had modelled.

 

[shocks]

Ukraine war led to higher energy prices which led to high production cost of spare parts which means insurance will pay much more for repairs which means if they don't recover that from premiums they will suffer losses

No, this is not Ukraine related. End of last year sector players decided competition by price under cutting was resulting in losses in that business line. Wakakaa chini kama OPEC wakasema badala ya kutharana, kila mtu apewe table napkin, spoon and fork wathûgûne mwananchi moss moss, kama wangwana

 

[Denis Young]

Don't forget to add that we drive like idiots causing unnecessary accidents, thereby escalating claims beyond what actuarial scientists had modelled.

Are actuarial scientists modelling with data from Urop?

 

[mzeiya]

No, this is not Ukraine related. End of last year sector players decided competition by price under cutting was resulting in losses in that business line. Wakakaa chini kama OPEC wakasema badala ya kutharana, kila mtu apewe table napkin, spoon and fork wathûgûne mwananchi moss moss, kama wangwana

I think minimum ni 30K for jalopies worth 1M & below