UAE – Insurance Premiums AED 33.5 billion with 11% growth
Wednesday, 12 02 2015, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority had an excellent performance during year 2015 which contributed to the growth of insurance business in the UAE and strengthened the competitive position of the Emirati insurance market and its leadership in the region.
Total insurance premiums for all classes of insurance in the UAE increased by 13.5% during year 2014 noting that premiums increased significantly from year 2010 to 2014 with a compound annual growth rate of 11% reaching AED 33.5 billion.
The premiums written for personal and capitalization insurance reached AED 8.6 billion of which 18.6% at national companies and 81.4% at foreign companies.