Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

UAE - AED2.94 bn vehicle ins. market premiums

Saturday, 11 14 2020, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority stated that the number of vehicle insurance policies issued in the country during the first half of this year amounted to 1.7 million documents, which constitutes 55% of the total number of issued insurance documents, compared to 3.41 million documents last year, which constituted 45% of the total While the percentage of written premiums in the motor insurance branch amounted to 11.9% of the total written premiums in all branches, with a value of 2.941 billion dirhams, after this percentage was, in the same period last year, 12.8%, and at a value of 3.236 billion dirhams.

The Director General of the Authority, Ibrahim Obaid Al Zaabi – in the opening speech of the virtual conference organized by the Emirates Insurance Association on the digital transformation in vehicle insurance pricing and claims management – stated that the percentage of vehicle insurance compensation paid by insurance companies in the first half of this year amounted to 11% of Total compensation in all branches, with a value of 1.539 billion dirhams, while this percentage was 12% in the same period last year and a value of 1.918 billion dirhams.

Source: alKhaleej Today
All copyrights reserved, Arab Reinsurance 2016 ©