UAE – 10% insurance growth in future years
Saturday, 01 27 2018, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority in the UAE expects the insurance sector to achieve a growth rate above 10% in future years.
Moreover, the Authority said according to “Emarat Al Youm” that growth will continue in the long term in the insurance sector due to the development of the legislations and the full implementation of the financial regulations starting with the beginning of the current year.
Furthermore, the Authority clarified that it is currently developing a life and family Takaful regulatory framework that includes all the technical and financial instructions noting that the draft law was submitted to the market for feedback.