UAE – 11 new companies in insurance field
Monday, 06 05 2017, Category: Insurance and Reinsurance, Country: U.A.E
Local and international insurance companies are competing to attract the largest number of citizens and residents noting also that projects being undertaken in the UAE help promote growth. Additionally, compulsory health insurance implemented in Dubai recently on citizens and residents helped strengthen the growth of the sector and it is expected to continue in future years.
The UAE insurance market in the largest in the Gulf region in term of premiums written, size of insurers and number of experts. The UAE represents 45% of the regional market according to “Al Hayat” newspaper.
Every month one, two or more companies enter the UAE markets especially in the last months that witnessed the implementation of the compulsory health insurance in Dubai.
Moreover, 11 new companies joined the market, which has now 424 companies.