UAE – Compulsory health insurance profits grow by 16%
Tuesday, 02 21 2017, Category: Insurance and Reinsurance, Country: U.A.E
The profits of compulsory health insurers, which are listed in the Dubai and Abu Dhabi financial markets increased to AED 439 million last year compared to AED 380 million in year 2015, so it achieved a growth rate of 16% in profits. The value of written premiums during the same period increased by 14% with AED 8.01 billion compared to AED 7.03 billion in year 2015.
The decision of the Dubai Health Authority to implement compulsory health insurance on all residents in the Emirate who have monthly salaries below AED 4000, and which was implemented in the beginning of the last month of December had the greatest impact in the growth of the profits of 9 insurance companies, which provide services to the public.
Source: Economic Al Khaleej