UAE – AED 3.4 billion as Takaful premiums in 2015
Tuesday, 10 18 2016, Category: Islamic Insurance, Country: U.A.E
The Insurance Authority revealed that the premiums written by Takaful insurance companies increased by 32.3% during the past year reached AED 3.4 billion compared to AED 2.5 billion during 2014.
The statistics that “Emarat Al Youm” obtained show that the Takaful insurance market share out of the total premiums of AED 37 billion is only 9.2% indicating that the number of companies, which offer Takaful insurance is 11 companies.
According to the statistics non-life total Takaful premiums written reached AED 2.4 billion last year compared to AED 2.05 billion in year 2014 i.e. a growth o 18.6%.
Source: Emarat Al Youm