UAE – 8.3% share of Takaful in insurance premiums
Wednesday, 04 12 2017, Category: Islamic Insurance, Country: U.A.E
H.E. Ibrahim Obaid Al Zaabi, Director General of the Insurance Authority said that the size of premiums written by Takaful insurance companies in the UAE reached AED 3.64 billion by the end of last year, which represents a 79% growth rate compared to year 2008 noting that Takaful constitutes 8.3% of total premiums written by the sector during year 2016, which reached AED 44 billion.
Moreoever, Mr. Al Zaabi added in his speech at the “World Takaful Conference”, which started yesterday and will last for two days “The figures of the Authority show that the number of licensed Takaful operators increased from 3 companies in year 2007 to 11 companies in the end of year 2016 and all of them are national”.
Source: Al Bayan - UAE