UAE – Health and motor insurance grow by 20%
Thursday, 06 29 2017, Category: Insurance and Reinsurance, Country: U.A.E
The insurance sector in the UAE in the first half of the current year grew at different rates according to the performance of each company and the different insurance lines. Therefore, every company posted different growth rates, and this applies to the first and second quarters of year 2017. As a result, health and motor insurance grew by 15-20% during the first half of the year.
“Health insurance” and “motor insurance” are the most important insurance products since they are related to compulsory insurance of motor vehicles and compulsory health insurance for residents of Abu Dhabi and Dubai noting that these lines provide liquidity and “cash” in the local market.
Source: Economic Al Khaleej