UAE – Positive 2018 expectations for insurance
Monday, 01 29 2018, Category: Insurance and Reinsurance, Country: U.A.E
Analysts told the “economic Al Bayan” that insurance stock prices will witness a series of increases especially given the decisions of the government to impose health insurance to all residents of Dubai as well as the increase of the minimum motor insurance prices and the mechanisms to prevent price wars.
Moreover, Mr. Issam Kassabieh, Financial Analyst and at Menacorp expects the insurance market to grow remarkably in 2018 along with the introduction of new regulations by the Federal government noting that profits increased by 27% due to the introduction of the new pricing for motor insurance and the compulsory health insurance in Dubai whereas Abu Dhabi introduced health insurance in 2007.
Source: Al Bayan - UAE