424 companies in insurance sector in Dubai
Thursday, 05 25 2017, Category: Insurance and Reinsurance, Country: U.A.E
The number of new licenses issued to insurance-related companies by the Department of Economic Development in Dubai between the beginning of the current year until the end of the last month of April reached approximately 11 new companies. Therefore, the number of companies operating in the insurance sector reached 424 companies generally in Dubai.
The statistics revealed by the department of “Business Registration and Licensing Services” of the “Department of Economic Development” in Dubai said that there are 833 activities practiced by 424 companies in the insurance sector including 192 brokerage activities representing 23% of total activities, followed by the insurance of accidents and liabilities that reached 108 activities i.e. 12.9 of total activities. This is followed by the insurance of inland, marine and aviation transportation which ranks as 3rd with 103 activities representing 12.3% of total activities.
Source: Al Bayan - UAE