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    Knesset Economic Affairs Committee Chair to Capital Market Authority Representative: “Auto insurance prices rise quickly and decline slowly. I have no idea what kind of oversight you’re conducting.”

    A heated discussion was held in the Economic Affairs Committee on auto insurance premiums and the regulator’s oversight of insurance companies * Capital Market Authority representative Wadi'a Awad: “We’ve begun a reform — let us finish it” * CEO of the Insurance Companies Association: “No business can absorb a 44% increase in expenses without reflecting it in pricing” * Insurance Agents Association President Shlomo Aizic: “Premium calculations rely on list prices, which do not reflect real market rates.”
    EditorialBy 04 Mins Read