UAE – AED 4055 Insurance Spending Per Capita in 2015
Thursday, 06 30 2016, Category: Insurance and Reinsurance, Country: U.A.E
The annual study of “Swiss Re” the Swiss Reinsurance Company showed that the UAE ranked 3rd in insurance density and insurance penetration among emerging markets in the past year clarifying that “the per capita spending on insurance premiums (average spending on insurance services and products) reached USD 1102, (approximately AED 4055) divided into life insurance for AED 979 and into general insurance AED 3076.
The company showed in its study that “compulsory health insurance contributed significantly to the size of the general insurance market in the Middle East” indicating that the first and second phases of the new health insurance law in Dubai have been implemented, and the third and final phases will follow soon.
Source: Emaratal Youm