UAE – AED 40 billion insurance premiums in 2016
Wednesday, 12 28 2016, Category: Insurance and Reinsurance, Country: U.A.E
The insurance sector in the UAE is preparing a new era with the start of January 2017 after a great boom during year 2016, which was backed by the national economy’s growth. Gross Written Premiums reached AED 40 billion in year 2016.
The specialized reports and studies indicate that the future of the insurance sector is very promising in line with the continuous growth of the national economy. The mentioned studies are based on the positive indicators of the insurance sector in different fields, the increasing demand for insurance products in the local market in addition to the increased spending on development projects, economic plans and the activities hosted by the UAE in the next period.
Source: Al Bayan - UAE