UAE – Six main ins. distribution channels
Saturday, 08 18 2018, Category: Insurance and Reinsurance, Country: U.A.E
The insurance sector relies on 6 distribution channels including agents, brokers, banks and financing companies as well as the internet and other distribution channels. According to the published financial statements of last year 2017, the total written premiums reached AED 44.8 billion. Non-life insurance represented AED 33.07 billion and life insurance represented AED 11.74 billion.
Moreover, the commissions reached AED 4.15 billion in 2017 noting that non-life commissions represented AED 2.72 billion and life commissions represented AED 1.42 billion.