UAE – Top 10 insurers control 75% of market
Friday, 06 01 2018, Category: Insurance and Reinsurance, Country: U.A.E
The insurance market in the UAE maintained a strong growth rate during year 2017 and it is considered to be an exceptional year for the insurance sector as listed companies achieved a healthy growth rate, an improvement in operating profits and higher levels of shareholders’ equity.
Moreover, the concentration of the market is still high as the top 10 insurers controlled 75% of the market in 2017 compared to 74% in 2016 whereas the market share of the remaining 20 companies stayed at 25%.
Source: Al Bayan