Insuring Laos
The country's reforms have put more cars on the road, highlighting the need for better coverage.
- Published: 12 Mar 2013 at 00.00
- Newspaper section: Business
Paying for a new car in full used to be a strict requirement for Laotians, but now owning a car here has become easier.
The recent easing of restrictions is expected to boost car sales in Laos, and the region’s insurers are preparing to take advantage.
It was just a few years ago that a hire purchase system was introduced in Laos, letting consumers put down 30% of a car's value and clear the rest through instalments.
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