UAE – Half year profits of insurers increase
Thursday, 08 25 2016, Category: Insurance and Reinsurance, Country: U.A.E
The profits of insurance companies listed in the Abu Dhabi exchange increased to AED 336.6 million in the first half of the current year, compared to AED 245.5 million during the same period last year.
Experts identified increased awareness about future risks as a growth factor, especially in the current economic environment, which pushed many individuals and companies to seek protection from losses.
Moreover, experts identified five factors, which contributed to profit increases such as in-force insurance laws and regulations.
And officials indicated that there is an increased demand for Takaful insurance products that also contributed to profit increases.
Source: Al Roeya - UAE