DIFC's reinsurance premiums surge to $2bn in 2019
Monday, 06 08 2020, Category: Insurance and Reinsurance, Country: U.A.E
Dubai International Financial Centre, a leading international financial hub in the Middle East and Africa and South Asia region, has announced sustained performance in the reinsurance sector with its gross written premiums hitting $2 billion in 2019.
The sector grew by 17.4% last year, thus representing the highest volume of premiums ever written in the market, further reinforcing the DIFC’s position as the leading reinsurance hub in the region.
The DIFC confirmed that gross written premiums (GWP) for the first quarter reached $472 million, on par with the same period during last year, reflecting continued industry stability and resilience.
The premiums cover different areas including marine, aviation, transport, health, property damage and liability, alongside other sectors, said a statement from DIFC.
Source: Trade Arabia