UAE – AED 44 billion insurance premiums in 2016
Monday, 02 13 2017, Category: Insurance and Reinsurance, Country: U.A.E
Preliminary estimates showed that total written premium in all insurance lines in the country reached AED 44 billion last year, with an 18.9% growth compared to year 2015 when premiums reached AED 37 billion.
According to the statistics submitted to the Insurance Authority for year 2016, the number of motor insurance contracts reached three million and 366 thousand and the related premiums reached AED 6.46 billion compared to three million contracts with related premiums of AED 5.6 billion by year-end 2015.
Source: Emarat AlYoum