USD 30 billion insurance premiums in Arab market
Wednesday, 05 11 2016, Category: Insurance and Reinsurance, Country: Middle East
Total insurance premiums in the Arab market reached approximately USD 30 billion by year end 2014 for all insurance branches including conventional and Takaful according to the statistics of the General Arab Insurance Federation.
Mr. Abdul Rahman Al Humaidi Director General at the Arab Monetary Fund said at the margins of the 14th regional seminar of insurance regulators that the sector still needs to be developed compared to the huge opportunities available in the Arab region.
The seminar that lasts for three days in Abu Dhabi organized by the Arab Monetary Fund in collaboration with the Financial Stability Institute of the Bank for International Settlements and the International Association of Insurance Supervisors.
Source: Al Roeya - UAE