UAE – Reinsurance absorbs AED 2.25 B premiums in Q1
Monday, 05 27 2019, Category: Insurance and Reinsurance, Country: U.A.E
Foreign reinsurers still absorb an abnormally high share of UAE insurance premiums as shown in the results of the first quarter of year 2019. In fact, it represented around 30% of written premiums compared to 19% during the same period of year 2018.
According to the analysis conducted by “Al Khaleej” on the financial results of the past first quarter, the net premiums written by reinsurers in the local market increased by 76% reaching AED 2.25 billion compared to AED 1.28 billion in the first quarter of year 2018.
Source: Al Khaleej