UAE – Price increases boost insurance earnings
Thursday, 02 16 2017, Category: Insurance and Reinsurance, Country: U.A.E
The 28 insurance companies listed in the markets of Dubai and Abu Dhabi achieved a giant increase in annual profits for the year 2016 i.e. AED 1.16 billion profits by the end of last year compared to losses estimated at AED 132.6 million during the financial year 2015.
The insurance companies listed in the Abu Dhabi Securities Exchange represent approximately 64% of the total profits of companies listed in both markets i.e. which is equivalent to AED 734 million compared to AED 428 million for the 13 companies listed in Dubai.
Source: Al Bayan - UAE