UAE - Health ins. premiums of AED 19 billion in 2018
Tuesday, 07 16 2019, Category: Insurance and Reinsurance, Country: U.A.E
Health insurance in the UAE contributed 43.65% of total premiums of AED 43.7 billion at the end of 2018. The medical premiums amounted to AED 19.08 billion.
The share of domestic companies in health insurance premiums reached 74.4% with a value of 14.2 billion dirhams and the foreign share of 25.6% with an equivalent value of 4.9 billion. The number of medical documents reached 2,9 million documents, accounting for 38.4% of total insurance policies of 7.58 million documents. Liability and property insurance accounted for 34.6% of the premium volume Of all classes of insurance with AED 15.1 billion.  Liabilities and non-cash premiums were divided into motor insurance with AED 6.7 billion, fire insurance with D 2.69 billion, engineering and construction insurance with AED 2.34 billion and maritime and aviation insurance with 1.33 AED AED and AED 2.05 billion on insurance Other assets and liabilities.
The car and vehicle sector accounted for 15.35% of the total premiums, divided into 3.45 million documents, so that the average price per document AED was 1942. The value of premiums in the insurance sector and fund formation exceeded AED 9.5 billion, accounting for 21.75% of total premiums. Individual life insurance companies spent AED 7,527 billion, followed by collective credit insurance with premiums of AED 750,4 million and collective insurances AED 699,5 million. The investment insurance and the fund formation were finally concluded with a total value of AED 533.2 million. Number of insurance companies operating in the country 62 companies, including 35 national insurance companies, 27 foreign insurance companies. The number of companies operating all types of insurance is 15 domestic companies and two foreign companies.