UAE – AED 2.2 B ins. profits in 2017
Monday, 07 30 2018, Category: Insurance and Reinsurance, Country: U.A.E
The annual report of the “insurance authority” on the activities of the insurance sector during year 2017 showed that insurance companies operating in the UAE achieved positive net results in year 2017, so the total profits of insurers reached AED 2.2 billion in year 2017 compared to AED 1.8 billion in year 2017, which represents a AED 0.4 billion increase and a growth in profits of 22% noting that national companies made 68% of these profits whereas foreign insurers represented 32% of profits.
Source: Economic Al Khaleej