Insurance on residents adds AED 400 million in a month
Wednesday, 12 28 2016, Category: Insurance and Reinsurance, Country: U.A.E
The increasing demand of residents in Dubai for health insurance helped insurance companies improve activities in the last quarter of year 2016 with an additional AED 400 million according to informed sources in the sector, who confirmed that the health insurance premiums written during the current month have been the highest since many years.
Before the legal (set at January 1st) deadline for the issuance of the “policy” for every resident in Dubai, the insurance companies witnessed a large demand noting that Dubai Health Authority announced that coverage ratio reached approximately 98% of the population compared to 88% in the end of the last month of November.
Source: Al Khaleej