UAE – Insurance least affected by oil price decreases
Thursday, 05 26 2016, Category: Insurance and Reinsurance, Country: U.A.E
Insurance sector officials ruled out that local companies would be greatly by oil price fluctuations and reduction of oil-related project expansions.
They clarified to “Al Roeya” at the margins of a press conference of Abu Dhabi National Insurance yesterday that directing services according to the needs of oil projects protects companies from losses.
And they added that insurance services are the main factor in overcoming losses despite heavy reinsurance on some insurance policies.
Source: الرؤية – الامارات