UAE – Trend to insure small and medium-sized companies
Friday, 06 10 2016, Category: Insurance and Reinsurance, Country: U.A.E
Local insurance companies initiated special policies covering small and medium-sized projects in parallel with the interest of banks in financing such projects and given the increased risks in this sector.
Insurance sector experts told “Al Roeya” that insurers started tackling small and medium-sized projects in order to follow the increased interest of banks and financial companies in granting loans for this category of projects. As a result, the risks increase and the need for such insurance policies becomes more urgent.
The need for insurance related to small and medium-sized projects is linked to the increased risks such as the loans, which impose responsibilities upon investors.
Source: Al Roeya - UAE