UAE – Insurers increasingly interested in energy insurance
Thursday, 07 14 2016, Category: Insurance and Reinsurance, Country: U.A.E
Insurance companies operating in the local insurance sector started preparations to tackle the oil services sector as oil prices recover internationally.
Local companies’ directors told “Al Roeya” that there are plans to increase the issuance of insurance policies covering the oil sector as oil prices increase internationally.
They indicated that insurance demand from companies operating in the oil and gas sectors including producing companies in light of oil price fluctuations, which increase production risks and operating costs compared to returns.
Source: Al Roeya - UAE