UAE – Further growth for ins. Market
Monday, 06 18 2018, Category: Insurance and Reinsurance, Country: U.A.E
Mr. Rajiv Maloo Associate Director at KPMG Lower Gulf said that the insurance sector in the United Arab Emirates is following a growth path as the performance was excellent in year 2017. 30 listed insurance companies achieved a 16% growth rate in total written premium and achieved a record 46% growth in net profits compared to the previous year.
Many factors contributed to this performance such as the newly introduced regulations as well as the introduction for compulsory health insurance. He clarified that in the future the sector will be ready for further growth.
Source: Al Bayan