UAE – Ins. inv. in stocks & real estate at AED 27.67 B
Tuesday, 08 28 2018, Category: Insurance and Reinsurance, Country: U.A.E
The total investments of insurance companies in stocks and real estate reached AED 27.67 billion at the end of last year, which represents a 35% increase over 12 months according to the figures of the Insurance Authority, which showed that these two fields of investment represent around 45% of the total investments of insurance companies.
Moreover, the investments in stocks and bonds represented the largest investment of the insurance sector with AED 22.53 billion i.e. 37% of the funds. It is followed by banking deposits at AED 16 billion with a 26% share and then by real estate (AED 5.144 billion) that represent 8.4% of investments.
Furthermore, the total investments of the insurance sector reached AED 60.7 billion by the end of year 2017 compared to AED 52.5 billion i.e. a 15.6% increase.